For the next three $(3)$ questions, you will need the supplemental Excel file found HERE.

In the Excel file, you will see the $2022$A operating expenses for Terraform Limited. Using the Excel file, project out Terraform$$s operating expenses for the periods $2023$P through $2025$E using the appropriate driver, which are provided in the file, based on whether the expense line item is a fixed or variable cost.

NOTE: You are working only in the yellow shaded cells. The Excel file is already formatted for you. To avoid calculation errors, do not change the formatting in the file.

Question $1$ of $3$: Based on your operating expense projection, how much is Terraform planning to spend in total operating expenses in $2025?$

$$2,406$

$$2,511$

$$2,626$

$$2,798$