A company's assets consist of $15,775 of cash, $45,865 of accounts receivable, $87,234 of inventory, and $89,556 of plant and equipment. Its liabilities consist of $23,667 of accounts payable, $12,667 of accruals, and $ 66,191 of long-term debt. The company's annual sales are $357,445, it paid $8,605 of interest, its earnings before taxes are $37,863, and its net income is $24,611. What is the company's profit margin? 1) 4.5% 2) 6.9% 3) 3.8% 4) 8.1% 5) 5.4%