The nihilist Daniil is setting up a recording studio which will have an annual revenue of $80,000 and annual cost of $40,000. The studio will require an initial investment of $20,000. What is the net present value after two years of recording? Daniil's discount rate is 10%, and income tax in Riga, where he lives, is 40%. In the investment year, depreciation on all items is 30%, then 50% the following year, and 20% in the next year, which is the end of the schedule. A. $71,500 B. $49,400 C. $29,000 D. $41,000