Rogers Mining Company purchased a coal mine for $5,000,000 and expects yield of 8,000,000 tons of coal during the next 10 years. Rogers expenses the coal when sold. What is the gross profit for year 1 if 725,000 of the 940,000 tons extracted is sold for $12 per ton? $8,246,875 $8,112,500 $10,692.500 $8,200,000