A proposed new project has the following expected amounts for Year 3 of operations: Revenue: $80,000 Variable costs: 35% of revenue Capital Cost Allowance: $10,000 Other fixed costs: $12,000 The firm pays 40% corporate taxes and expects that 10% of sales would be from cannibalization of the firm's existing products. What is the expected incremental EBIT for Year 3 of this project? Note: Your answer must accurate to the nearest dollar