Orange Corporation Begins Business on April 2, 2014

Orange Corporation begins business on April 2, 2014. The corporation has startup expenditures of $64,000 which it incurred last year. If Orange Corporation elects § 195, determine the total amount that Orange may deduct in 2014.

A) $0.
B) $3,200.
C) $4,267.
D) $7,950.
E) None of the above.