The Egg Basket Inc. reports in its 2012 10-K, sales of $1,130 million and cost of goods sold of $452 million. For next year, you project that sales will grow by 6% and that cost of goods sold percentage will be 1 percentage point higher. Projected cost of goods sold for 2012 will be - Explain:

a. $480 million

b. $491 million

c. $484 million

d. $496 million

e. There is not enough information to determine the amount