Woodridge Corporation manufactures numerous products, one of which is called Alpha-32. The company has provided the following data about this product: Unit sales (a) Selling price per unit Variable cost per unit Traceable fixed expense 100,000 $ 96.00 $ 77.00 $ 1,671,000 Management is considering increasing the price of Alpha-32 by 6%, from $96.00 to $101.76. The company's marketing managers estimate that this price hike would decrease unit sales by 4%, from 100,000 units to 96,000 units. Assuming that the total traceable fixed expense does not change, what net operating income will product Alpha-32 earn at a price of $101.76 if this sales forecast is correct? Multiple Choice $2,376,960 $2,476,000 $705,960 $805,000