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Genor Peterson Electrical Supplies has generated a net income of $ 1 6 1 , 4 2 4 this year. The firm expects to see

Genor Peterson Electrical Supplies has generated a net income of $161,424 this year. The firm expects to see an annual growth of 30 percent for the next five years, followed by a growth rate of 15 percent for each of the next three years. What will be the firm's expected net income in eight years? (Round to the nearest dollar.)
$689,259
$241,329
$911,546
$319,157
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