Nancy thinks that Johnson Motor Company's stock price is going to decrease from its current price of $28.50 sometime during the next 6 months. Nancy can buy a 6-month put option on Johnson's stock for a price of $7.00. The put option has an exercise price of $27. If Nancy purchases the put option for $7.00 and Johnson's stock price falls to $16 by the time the option expires, what would Nancy's profit be?