The income statement of Lunchbox Enterprises reported net sales of $27,300, EBIT of $13,450, taxable income of $9,770 and net income of $3,342 for the most recent fiscal year. The firm paid $456 in dividends. The balance sheet reported current assets of $3,650, net fixed assets of $10,850, current liabilities of $1,920, long-term debt of $3,500, common stock of $7,500 and retained earnings of $1,580. Lunchbox Enterprises is currently operating at 92 percent of capacity. The profit margin and the dividend payout ratio are projected to remain constant. Sales are projected to increase by 4 percent next year. What is the projected addition to retained earnings for next year?

A. $1,309.60

B. $1,421.40

C. $1,884.96

D. $2,667.74

E. $3,001.44