Jennifer Has Just Finished High School and Is Deciding Whether

Jennifer has just finished high school and is deciding whether to start working or go to college.She has already been offered a job that pays $35,000 a year.Four years of college will cost $12,000 each year.She would earn an extra $20,000 each year after she graduates for the 45 years she plans on working until she retires.Assume that the interest rate is 8.5%.What is Jennifer's opportunity cost of one year of college?

A) $12,000
B) $17,000
C) $35,000
D) $47,000