SILA Company is planning to buy a new machine that can produce additional 20,000 units of product per year. The product sells for $50 each. The cost associated with the product per year is $30 per unit, exclusive of depreciation on the new machine. The new machine which is expected to last for 10 years will cost $500,000. No salvage value is expected to be recovered at the end of its life. Tax rate is 30%.

The accounting net income is