Please read the following scenario carefully for the next question:

If, (a) the Retail Selling Price of the WX350 is $89 in 1997,

(b) the retailers markup is 50% (of retailers SP),

(c) CIMA sells directly to these retailers,

(d) CIMAs markup is 15% (of manufacturers SP),

(e) CIMAs selling prices increase by 4% every year (increases take effect in 1998),

(f) CIMAs cost prices increase every year by 3% (increases take effect in 1998),

(g) CIMA expects to sell 525 units in 1997, 672 units in 1998, 747 units in 1999, 865 units in 2000 and 981 units in 2001,

(h) the cost of capital for CIMA is 15%,

(i) CIMAs investment in the WX350 was $ 18,000 and

(j) year 0 (zero), for PV discounting purposes was 1996.

What will CIMAs profit be in 1999?

a. $ 52,514.15

b. $ 28,173.66

c. $ 9,689.38

d. $ 5,968.53

e. $ 4,912.32