3D:

The Modern Shelf Company sells all of its shelves for $158.72 per shelf, and incurs $59.66 in variable costs to produce each. If the fixed costs for the firm are $1,908,494 per year, what will the EBIT for the firm be if it produces and sells 49,807 shelves next year? Assume that depreciation and amortization is included in the fixed costs.

Round the answer to two decimals.