Detroit Disk, Inc. is a retailer of digital video disks. The projected net income for the current year is 1600,000 based on a sales volume of 400,000 video disks. Detroit Disk has been selling the disks for P24 each. The variable costs consist of the P15 unit purchase price of the disks and a handling cost of 3 per disk. Detroit Disk's annual fixed costs are 11,800,000. Management is planning for the coming year when it expects that the unit purchase price of the video disks will increase 30 percent. (Ignore income taxes.) Detroit Disk's INCOME for the current year if there is a 10% increase in projected unit sales volume is \begin{tabular}{|l|} \hlineP1,980,000 \\ \hlineP2,160,000 \\ \hlineP660,000 \\ \hlineP840,000 \\ \hline \end{tabular}