For the first quarter of the year, a company has projected sales of $3,000. Sales in the subsequent quarters are projected to increase at 10.02% per quarter. The company has a payables period of 49 days. The company purchases inventory in each quarter equal to 33% of projected sales for the following quarter. Assuming a quarter equals 90 days, how much total cash payments are made in the first quarter for inventory purchases?

A) $1,035

B) $1,061

C) $1,087

D) $1,113

E) $1,139