PortaCom manufactures notebook computers and related equipment. PortaCom's product design group developed a prototype for a new high-quality portable printer. The new printer features an innovative design and has the potential to capture a significant share of the portable printer market. Preliminary marketing and financial analyses provided the following selling price, first-year administrative cost, and first-year advertising cost: An engineer on the product development team believes that first-year sales for the new printer will be 20,500 units. Using estimates of $50 per unit for the direct labor cost and $89 per unit for the parts cost, what is the first-year profit using the engineer's sales estimate