X Company has an opportunity to accept a special order that will result in immediate profit of $65,000. After doing some market research that cost $4,000, the marketing manager believes that if X Company accepts the order, the company will lose regular customers. Specifically, she believes the effect will be lost profits of $9,000 in each of the next 4 years.

Assuming a discount rate of 7%, what is the net present value of accepting the special order? [Note: Use the Present Value tables in the Coursepack.]

A: $30,546B: $34,517C: $39,004D: $44,075E: $49,804F: $56,279