In a given quarter, a company buys inventories from suppliers in an amount equal to 37% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $48,610. The company has a payables period of 120 days. Sales of the second quarter are projected to increase at 35.40% from the first, while sales of the third quarter are projected to increase at 15.40% from the second. Assuming a quarter of 90 days, what is total cash payment made in the third quarter for inventory purchases? $26,182 $26,853 $27,524 $28,195 $28,867