Woodridge Corporation manufactures numerous products, one of which is called Alpha-32. The company has provided the following data about this product:

Unit sales (a)		93,000
Selling price per unit	$	70.00
Variable cost per unit	$	56.00
Traceable fixed expense	$	1,216,000

Management is considering increasing the price of Alpha-32 by 7%, from $70.00 to $74.90. The companys marketing managers estimate that this price hike would decrease unit sales by 5%, from 93,000 units to 88,350 units.Assuming that the total traceable fixed expense does not change, what net operating income will product Alpha-32 earn at a price of $74.90 if this sales forecast is correct?