Price Corp. is considering selling to a group of new customers and creating new annual sales of $80,000. 3% will be uncollectible. The collection cost on all accounts is 5% of new sales, the cost of producing and selling is 82% of sales, and the firm is in the 22% tax bracket. What is the profit on new sales?

• $7,527

• $8,418

• $6,240

• $7,368