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Wimbledon, Inc. has 6 , 0 0 0 tennis rackets in beginning inventory. Wimbledon expects to sell 1 4 , 0 0 0 units during

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Wimbledon, Inc. has 6,000 tennis rackets in beginning inventory. Wimbledon expects to sell 14,000 units during the first quarter of 2021 and sales are projected to increase by 12% increase in each quarter. Wimbledon requires an ending inventory target of 25% of the next quarter's sales. Each tennis racket cost $200 and is sold for $300. How much is budgeted sales revenue for the third quarter of 2021?
$5,700,000
$35,124
$1,500,000
$5,268,480
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