Assume that the following data has been determined for the development and sale of a new digital thermometer for home use. Development cost $480,000, Sales volume 20,000 units per year, Sales lifetime 3 years, Production costs per unit $5 sale price per unit is $17 Based on the sale price determined in question 31, if the product breaks even in 2 years what is the profit expected over the third (3rd) year? A) $100,000 B) $360,000 C) $240,000 D) $120,000 E) none of the other answers are correct

A B C D E