Garth Grits works as an employee at SuperiorFoods, a local supermarket. As anemployee, Garth earns $19 per hour and works 200 hours per month. Garth currently supplements his income with the interest he earns from having $50,000 in a savings account earning5% annual interest.

Instead of continuing to work for SuperiorFoods, Garth would like to start up his own dollar store calledJust-a-Buck located in a strip mall close to his home. If Garth starts upJust-a-Buck, he would quit his job working for SuperiorFoods, and he would workfull-time (200 hours permonth) in his new business. To set upJust-a-Buck, Garth would have to use his $50,000 savings to buy the necessary equipment and make the appropriate renovations to the mall space he plans to rent.

Garth hired an accountant who estimated the annual revenue and costs ofJust-a-Buck asfollows:

Annual Store Sales

$180000

Less AnnualExpenses:

Mall Rent(includes utilities)

$11000

Cost of Goods Sold

$90000

Employee Wages(not includingGarth's wages)

$13500

Business Taxes

$1700

Based on the information providedabove, the annual economic profit forJust-a-Buck is estimated to be$

nothing

. (Round your response to the nearestdollar.)