In a given quarter, a company buys inventories from suppliers in an amount equal to 46% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $19,230. The company has a payables period of 90 days. Sales of the second quarter are projected to increase at 24.54% from the first. Total wages, taxes, and other expenses are projected to equal 9.54% of the projected sales. The dividends and interest payments are projected to be $121 per quarter. Assuming a quarter of 90 days, what is the company's total cash payments in the first quarter? $10,261 $10,531 $10,801 $11,071 $11,341