Charles is looking to buy the house on the hill that is listed for $415,000. The Bank said that it would approve his loan for 30 years at 3.60% if he puts 5.0% down, and his monthly morgtgage payments, including escrow amounts, are equal to 32.% of his Gross Monthly Income (GMI). His annual property taxes would be $3,600 and his annual insurance premium would be $384.

What must Charles'annual income be in order to buy this house?