Green Gardens is analyzing a proposed 5-year project that requires an investment of $77, 000 in fixed assets and $17,400 in net working capital. The company uses straight-line depreciation over a projects life. Sales are estimated at 24,000 units 3 percent. The expected variable cost per unit is $17, and the expected fixed costs are $39,000. The fixed and variable cost estimates are considered accurate within a range of 2 percent. The sales price is estimated at $36 a unit, 1 percent. The discount rate is 16 percent, and the tax rate is 35 percent. What is the net income under the pessimistic case scenario?