Image Products is in the process of evaluating its new cosmetic products.One new product,Nice Hair,has one production run each month with $8,000 in setup costs.Nice Hair incurred $20,000 in development costs and is expected to be produced for three years.The direct costs of producing Nice Hair are $28,000 per run of 15,000 bottles.Indirect manufacturing costs charged to each run are $44,000.Destination charges for each batch average $9,000.Nice Hair sells for $10 in Canada and $20 in all other countries.Sales are one-third domestic and two-thirds exported.Assume everything produced is sold.

Required:

What is the life-cycle budgeted operating income?