HiLo Mfg. is analyzing a project with anticipated sales of 12,500 units, +2 percent. The variable cost per unit is $13, + 2 percent, and the expected fixed costs are $227,000, 1 percent. The sales price is estimated at $70 a unit, +3 percent. The depreciation expense is $72,000 and the tax rate is 21 percent. What is the earnings before interest and taxes under the base-case scenario