Baldwin's Elite product Bolt has an awareness of 72%. Baldwin's Bolt product manager for the Elite segment is determined to have more awareness for Bolt than Andrews' Elite product Ace. She knows that the first $1M in promotion generates 22% new awareness, the second million adds 23% more and the third million adds another 5%. She also knows one-third of Bolt's existing awareness is lost every year. Assuming that Ace's awareness stays the same next year (77%), out of the promotion budgets below, what is the minimum Baldwin's Elite product manager should spend in promotion to earn more awareness than Andrews' Ace product? Select: 1 Submit Answer O2M Nothing 1M