A factory with 70 employees spends $50,000 upgrading its safety equipment and another $5,000 implementing a training program designed to improve worker safety. In exchange for making these improvements, the factory's health insurance provider agrees to decrease its annual premiums by $900 per employee. How much money will the factory save in the first year after making these improvements?
- $8,000
- $13,000
- $28,000
- $33,000
- $63,000