X Company is thinking about expanding the production of Product A and eliminating Product B. Expanding sales of A should result in additional firm profits of $12,000 per year for the next 6 years, but will require the purchase of some additional equipment, costing $19,000. This equipment should be worth $3,600 at the end of 6 years.

By eliminating Product B, the firm will lose the product's $5,000 annual contribution margin but will save $10,000 of annual fixed costs.

Assuming a discount rate of 5%, what is the net present value of expanding the production of Product A and eliminating Product B?

A: $48,498

B: $54,803

C: $61,927

D: $69,978

E: $79,075

F: $89,354