Bindle$-$Featherston Company has a new product. It estimates that first year sales will result in $150,000$ units sold and a growth rate of $12\%$ per

year. The sales price is $$25$ per unit and will increase by $5\%$ per year. The fixed costs are $$200,000$ per every $100,000$ units and variable costs

are $$10$ per unit. Variable costs will increase by $3\%$ per year due to increased material and labor costs. What is the profit expected in year

three?

Multiple Choice

$$2,279,600\mathrm{.}00$

$$2,422,400\mathrm{.}00$

$$2,789,970\mathrm{.}56$

$$2,963,150\mathrm{.}56$