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Price Corporation is considering selling to a group of new customers and creating new annual sales of $170,000. 3% will be uncollectible. The collection cost

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Price Corporation is considering selling to a group of new customers and creating new annual sales of $170,000. 3% 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 21% tax bracket. What is the profit on new sales? Multiple Choice $24,174 $25,302 $26,352 $25,461

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