Calculating Profit Sharing Pay Awards in your new role as compensation analyst, you have been asked to estimate the dollar amount of the profit-sharing pool based on three approaches as well as the allocation of profit sharing awards to eligible employees. The company's profils equal $35 million. You are considering the following three formulas for determining the total profil shanng pool First-Dollar of Profits. The company agrees to share 20 percent of all profits up to $12 million Graduated First Dotar or Profits. The company agrees to share 10 percent of all profits up to $ 15 million, and 30 percent of all profits up to 540 milion Profitability Threshold Formule: The company will share 10 percent of the profits above $10 million up to $17 million There are 230 employees whose total annual base pay equals $2,100,000 The total profit sharing pool for (Round your answers to the nearest hundredths place) (a) Firse dollar of profits is $ (b) Graduated first-dollar of profits is s (c) Profitability threshold formula is