You are provided with the following information about a company:
Net PPE the year before: $100,000
Net PPE this year: $125,000
Depreciation this year: $4,000
Depreciation the year before: $2,000
Based on this information, what is the CAPEX this year?
a. $32,000
b. $29,000
c. $27,000
d. $23,000