A fast-food chain is considering opening a new restaurant. To operate the restaurant, management would need to hire 7 employees (cooks and cashiers) at $20,000 for each per year and 3 supervisors at $29,000 for each per year. The rent will be $47,000 per year. Depreciation of the equipment will make the company spend, on average, $17,000 per year on its repairs, Management assumes that true economic profit would be $72,000 per year. Determine the amount of expected earnings per year. If necessary, round all intermediate calculations and your final answer to the nearest dollar