2002 Cayley Problem 11

In the diagram, the line with equation y = 2x - 8 crosses the x-axis at A and the y-axis at B. The area of \triangle AOB is

\textbf{(A)}\ 8\quad \textbf{(B)}\ 16\quad \textbf{(C)}\ 12\quad \textbf{(D)}\ 32\quad \textbf{(E)}\ 4

If there are no answer choices shown, enter a numerical answer.

Full credit to this problem is given to the CEMC, you may view all Cayley contests here.