Daniel is a carpenter who specializes in bathroom renovations for single-owner homes. He believes that he has been underbidding his projects and losing out on potential profit that could make all of the difference for his business's continued viability. He is putting together an estimate for a potential client and has determined the following activities: Activitly Demo of Existing Space Cost Driver Square Footage Rate Estimated Use for Job Cabinet Installation Cabinets installed $2.50 /square foot $170 /hour 450 square feet Tile Installation Pieces of tile laid $0.76 /tile 4 hours: 1200 tiles Previously, Daniel was billing at a flat rate of $5 per square foot with no additional markups. Daniel would like to add a 27% markup to the cost to arrive at the final bid price that will be given to the customer. Using Activity-Based Costing (ABC), how much additional profit will Daniel make from this prospective client? $413.09 $1200.59 ($320.50) $467.00