The Branding Iron Company sells its irons for $60 apiece wholesale. Production cost is $50 per iron. There is a 25% chance that a prospective customer will go bankrupt within the next half-year. The customer orders 1,000 irons and asks for 6 months’ credit. What is the expected profit of accepting the order? Should Branding Iron accept the order? Assume the discount rate is 8% per year, there is no chance of a repeat order, and the customer will either pay in full or not pay at all.