13. Your company may introduce a new line of tennis shoes. You have been given the following projections: Sales 35,000 units at $40 per unit; variable costs $25 per unit; fixed costs = $125,000 per year; initial investment = $1,000,000; interest expense = $50,000 per year; project life = 10 years. Assume straight-line depreciation and discount rate of 12%. If the tax rate = 34% what is the project's net income