Will purchased a printing press on April 13, 2022, for $35,000. He paid sales tax in the amount of $1,575 and freight charges in the amount of $2,245. He decided to have the press professionally installed at a cost of $4,500. On June 28, 2022, Will received a rebate from the purchase of the press in the amount of $3,750. What is his basis in the printing press?

a) $35,000 b) $36,575 c) $43,320 d) $39,570