JB Ltd is considering a 3-year project, which will require an initial investment of 70,000 and will earn contribution of 150,000 per annum. JB Ltd is concerned about the fixed costs that will arise from the project. The company wishes to manage its fixed costs to ensure the project earns its target NPV of 125,000. The fixed costs are expected to be the same each year. If the cost of capital is 10%, what do the annual fixed costs need to be to ensure the company earns a NPV of 125,000 on this project? Ignore taxation.

a. 71,592 b. 18,000 c. 178,050 d. 59,350