McNell uses the high-low method of estimating costs. McNeil had total costs of $59,500 at its lowest level of activity, when 5,000 units were sold When, at its highest level of activity, sales equaled 8,000 units, total costs were $70,000. What would McNeil estimate its total cost to be if sales equaled 7,850 units? Multiple Choice $60,000 $27,475 $69,475 $101,500