X Company is thinking about expanding the production of Product X and eliminating Product Y. Expanding sales of X should result in additional firm profits of $10,000 per year for the next 8 years, but will require the purchase of some additional equipment, costing $11,000. This equipment should be worth $3,200 at the end of 8 years.

By eliminating Product Y, the firm will lose the product's $4,000 annual contribution margin but will save $14,000 of annual fixed costs.

Assuming a discount rate of 4%, what is the net present value of expanding the production of Product X and eliminating Product Y?

A: $28,503

B: $41,330

C: $59,928

D: $86,896

E: $125,999

F: $182,699