A company conducts a life-cycle assessment for a process that is producing a chemical with a recovery of 75%. The remaining 25% goes to the sewer. During the LCA, the company finds that the installation of a crystallization step will increase product recovery to 90%. The marginal increase in profits from this change is estimated to be $80,000 per year. The crystallizer unit will cost $275,000 to purchase \& install, \& it will cost $35,000 annually to operate. The company uses an 6 percent discount rate. What will be the company's increase in profits in 4 years if they install \& use the crystallizer