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E Homework: Portfolio 2 Part 3 (chapter 7 & supplement 7) Question 18, Problem S7.24 Part 1 of 3 > HW Score: 11.25%, 4.5 of 40 points Points: 0 of 3 Save An electronics firm is currently manufacturing an item that has a variable cost of $0.50 per unit and a selling price of $7.50 per unit. Fixed costs are $14,000. Current volume is 25,000 units. The firm can substantially improve the product quality by adding a new piece of equipment at an additional fixed cost of $5,600. Variable cost would increase to $0.65 and the selling price would be revised to $7.70 with the expectation that the volume would be 50,000 units as a result of a higher-quality product. If the firm does not add new equipment, its profit will be = dollars (round your response to the nearest whole number and include a minus sign if the profit is negative) =