I've decided to publish Pale Immortal through Belfry Press. I'm antsy and tired of waiting to hear back from possible publisher (although in all fairness, they haven't had it that long). I doubt I'll break even after cost of formatting and scanning, but it will be a good test run. What I've learned is that scanned books, even after they're corrected in Word, are a nightmare to format. That's because they retain the original format, combined with Word format. So you can't just plug them into something like Smashwords. The text has to be converted to HTML and hand coded. And each format cost a minimum of $100, which, when you consider the formatter's time, is a remarkable deal.
Here is a breakdown of cost:
scanning: $100 - $250 (if you scan it yourself, it will take 8 - 12 hours, maybe more)
edit time: two weeks bare minimum
formatting: average of $100 for each format (I decided to start with one format -- MOBI and go from there)
cover design: $50 (I designed my own)