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 total profit expected over the next five years?

Multiple choice options:

$11,893,906.56

$14,031,510.54

$14,525,656.33

$15,093,381.95