Newcrest expects to produce 4,800 ounces of gold next year, with production costs of $769 per ounce. Depending upon the economic conditions over the next year, Newcrest expects the price of gold next year to be either $1,595, $1,778, or $1,863 per ounce, with each outcome being equally likely. Newcrest expects to sell all of its copper at the going price. If Newcrest enters into a contract to supply gold to its customers at an average price of $1,667 per ounce, what will be Newcrest's operating profit next year?