Morgan Technologies sells a single product at $25 per unit. The firm's most recent income statement revealed unit sales of 94,000, variable costs of $752,000, and fixed costs of $510,000. If a $5 drop in selling price will boost unit sales volume by 20%, the company will experience:

• no change in profit because a 20% drop in sales price is balanced by a 20% increase in volume.
• an $69,280 drop in profit.
• a $244,400 drop in profit.
• a $510,000 drop in profit.
• None of the answers is correct.