Miller Mfg. is analyzing a proposed project. The company expects to sell 12,000 units, give or take 4 percent. The expected variable cost per unit is $6.00 and the expected fixed cost is $34,000. The fixed and variable cost estimates are considered accurate within a plus or minus 5 percent range. The depreciation expense is $25,000. The tax rate is 34 percent. The sale price is estimated at $15.00 a unit, give or take 4 percent.

What is the earnings before interest and taxes under the base case scenario?

$49,000

$66,252

$74,000

$58,000

$83,000