HomeWeb UK is a subsidiary of HomeWeb USA. The company manufactures home security system. HomeWeb UK has forecasted the sales and cost figures for the next three years. They are as follows: Sales Volume = 100,000 units Sales Price = £100 per unit Cost = £60 per unit UK Corporate tax rate = 25% Spot Exchange rate = $1.50/£ Operating Expenses = 15 percent of Sales Revenue Depreciation = £500,000 Discount rate = 7 percent What is HomeWeb UK's net income?