Quip Corporation wants to purchase a new machine for $288,000. Management predicts that the machine will produce sales of $184,000 each year for the next 8 years. Expenses are expected to include direct materials, direct labor, and factory overhead (excluding depreciation) totaling $79,000 per year. The firm uses straight-line depreciation with an assumed residual (salvage) value of $50,000. Quip's combined income tax rate, t, is 40%. What is the expected net income (after tax) in Year 3 if the proposed investment is undertaken? Multiple Choice:

A)$75,150.

B)$39,150.

C)$31,150.

D)$45,150.

E)$73,150.