Magellen Industries is analyzing a new project. The data they have gathered to date is as follows: Lower Bound Expected Value Upper Bound Sales quantity 9,500 10,000 10,500 Sales price per unit $9.75 $10.00 $10.25 Variable cost per unit $4.80 $5.20 $5.60 Fixed cost $15,000 $18,000 $21,000 Initial equipment cost: $120,000. Depreciation: $30,000 per year, with no salvage value. Required return: 15%. Marginal tax rate: 35%. The company will not pay tax if EBT is less than or equal to zero. Calculate net income in the worst-case scenario. This is not a PVCCATS