A plant is capable of processing 2,400 tons of material per year (100% capacity). If the material cost is $0.35 per pound, what is the expected total annual material cost ifthe plant is operated at 85% capacity? Recall that 1 ton = 2,000 pounds. Select the closest answer. $1,275,000 per year 0 $2,400,000 per year $1,680,000 per year $1,428,000 per year