Price Corp. is considering selling to a group of new customers and creating new annual sales of $470,000. 5% will be uncollectible. The collection cost on all accounts is 4% of new sales, the cost of producing and selling is 81% of sales, and the firm is in the 20% tax bracket. What is the profit on new sales? Multiple Choice O $37,600 $38,728 O $39,778 O $38,887