4. Byrnes Co. can further process Product B to produce Product C. Product B is currently selling for $59 per kiloand costs $48 per kilo to produce. Product C would sell for $88 per kilo and would require an additional cost of $27 per kilo to produce. Byrnes usually produces and sells40,000 kilos of Product B per year. If product C is produced, 8% of the product will be lost due to evaporation. Calculate the total effect on Net Income per year if product C is produced from product B and sold for $88 per kilo.