Required information [The following information applies to the questions displayed below.] Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754: Variable costs, $18.00 per unit Annual fixed costs, $986,600 Model no. 4399: Variable costs, $11.80 per unit Annual fixed costs, $1,113,900 Corrigan's selling price is $60 per unit for the universal gismo, which is subject to a 15 percent sales commission. (In the following requirements, ignore income taxes.) 2-a. Calculate the net income of the two systems if sales and production are expected to average 42,000 units per year. Net Income Model No. 6754 Model No. 4399