Price corporation is considering selling to a group of new customers and creating new annual sales of $470,000. 4 percent will be uncollectible. The collection cost on all accounts is 3% of new sales, the cost of producing and selling is 76% of sales, and the firm is in the 19% tax bracket. What is the profit on new sales?

A) $64,719

B) $65,847

C) $66,897

D) $66,006