An analyst assumes that the gross profit of a hypothetical firm for the current year will be 35% of its sales, its depreciation 10% of sales, interest expense 3% of sales, and the salaries expense 4% of sales. The analyst also believes the firm will sell a plant for $40 million, recording a gain of $5 million. If the tax rate in the firm's jurisdiction is 28%, and the firm's expected sales are $95 million, then the net income for the year is closest to: a) $15.91 million. b) $15.11 million c) $36.43 million