Question 4 (1 point) In a given quarter, a company buys inventories from suppliers in an amount equal to 29% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $39,250. The company has a payables period of 120 days. Sales of the second quarter are projected to increase at 30.60% from the first, while sales of the third quarter are projected to increase at 10.60% from the second. Assuming a quarter of 90 days, what is total cash payment made in the third quarter for inventory purchases? $14,722 $15,120 $15,518 $15,916 $16,314