At AcademicA American university or AAAU, the Men's Basketball Program as a "Functional Unit" has a budget of $8.5 million, 35% goes to Salaries & benefits. The cost of "Contract Group Insurance" is $101, 231. The benefit package percentages are as follows: Retirement .14 W/Comp .004 Medicare = .0145 Determine salary & benefits by calculating and answering the following questions 1-5 Round off to the closest dollar amount and choose the multiple choice answer. 2) Using the information provided in number 1, how much is the "salary" or overall AAAU payroll? $4,681,717 $2,480,595 $2,567,976 $18,131,035