Procter and Gamble is budgeting for next year. For one of its brands, P&G projects it will operate at 80% production capacity next year and forecasts the following: Sales $80,000,000 Total Fixed Costs $20,000,000 Total Variable Costs $50,000,000 Total Costs $70,000,000 Net Income $10,000,000 Determine the net income if sales are higher than expected and P&G realizes 90% production capacity.