In its Year 2 annual report, Matilda Corp. reports the following:

	Year 2	Year 1
Total revenue	$1,152,000	$972,000
Property, plant, equipment, gross	930,000	915,600
Asset disposals	0	0

If revenue is projected to increase by 8% in Year 3, projected Year 3 capital expenditures would be:

Select one:

a. $0

b. $14,580

c. None of these are correct

d. $15,552

e. $14,400