Foamsoft currently sells 16,850 pairs of shoes annually at an average price of $79 a pair. It is considering adding a new line of shoes that would sell for $49 a pair. The company estimates it can sell 5,000 pairs of the lower-priced shoes annually but will sell 1,250 less pairs of the higher-priced shoes each year by doing so. What is the estimated value of the annual erosion cost that should be charged to the lower-priced shoe project? What annual sales revenue should be used when evaluating the addition of the lower-priced shoes? (Hint: Think about cannibalization costs) $98.750. $245.000 $98,750. $1,232,400 $98.750, $146,250 $52,000, $146,250 $52,000, $245,000