A Mexican company sells honey in the U.S. for $10 per jar. The company records its accounts in pesos. It costs 60 pesos to produce, package and ship the honey. Assume all the costs for the company are in Mexican pesos. When the peso changes from 10 Pesos:1 USD to 12 Pesos:1 USD, you decide to lower your price by $2 per jar. Last year it sold 1 million jars of honey and you anticipate you can sell 20% more jars of honey

Calculate the Mexican companys anticipated profits in pesos from if it lowers prices. Show the total profits and not the change in profits.