Miller Mfg. is analyzing a proposed project. The company expects to sell 13,000 units, plus or minus 4 percent. The expected variable cost per unit is $8.00 and the expected fixed cost is $36,000. The fixed and variable cost estimates are considered accurate within a plus or minus 6 percent range. The depreciation expense is $30,000. The tax rate is 34 percent. The sale price is estimated at $16.00 a unit, give or take 5 percent.

What is the net income under the worst case scenario?

I got $22,308.23. Is this correct?