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Price Corp. is considering selling to a group of new customers and creating new annual sales of $400,000.4% will be uncollectible. The collection cost on

Price Corp. is considering selling to a group of new customers and creating new annual sales of $400,000.4% will be uncollectible. The collection cost on these accounts is 6% of new sales, the cost of producing and selling is 83% of sales and the firm is in the 29% tax bracket. What is the profit on new sales? Multiple Choice $29,880 O $332,000 $19,880 $29.966

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