Hitachi Philippines has two divisions, A and B. Division A makes a component for air conditioning units which it can only sell to Division B. It has no other outlets for sales. Current information relating to Division A is as follows:

Marginal cost per unit	P100
Transfer price of the component	165
Specific fixed costs of Division A per year	10,000
Total production and sales of the component each year	2,200 units

Carrier company has offered to sell the component to Division B for P140 per unit. If Division B accepts this offer, Division A will be shut. If Division B accepts Carrier Company's offer, what will be the impact on profits per year for the group as a whole?