Bulter Corp offers its customers a hand mixer for collecting 20 of its brownie mix boxtops. The mixers cost Bulter $6 each and Butler estimates customers will redeem 70% of the boxtops. During 2019, Bulter sells 1,850,000 boxes of brownie mix, and 650,000 the boxtops are redeemed for mixers in 2019. What is Butler TOTAL PREMIUM EXPENSE in 2019?

Select one:

$195,000

$388,500

$7,770,000

$555,000

$252,000