Andy has $328,000 in savings and the interest rate is 2%.  He is considering quitting his job, moving

to Hawaii, and buying a vacation property where he would live and rent

accommodations to tourists.  His job pays

him $61,000 per year.  He estimates that,

in Hawaii, his annual revenue would be $177,000; and costs of utilities, wages,

insurance, and maintenance of the property would be $21,400 per year.  He would have to use $290,000 of his savings to purchase the property.  What would be Andy’s

economic profit for the business in Hawaii?