In a given quarter, a company buys inventories from suppliers in an amount equal to 38% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $49,780. The company has a payables period of 120 days. Sales of the second quarter are projected to increase at 36.00% from the first, while sales of the third quarter are projected to increase at 16.00% from the second. Assuming a quarter of 90 days, what is total cash payment made in the third quarter for inventory purchases? $25,623 $26,335 $27,047 $27,759 $28,470