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Tory Company sells various single product. Troy estimates demand and costs at

various activity levels as follows:

Units Sold.   PriceTotal                 Variable Costs.                          Fixed Costs

120,000         $48.                          $3,000,00                                $1,000,000

141,000.        $45.                            $3,540,000                                  $1,000,000

160,000        $40.                             $ 4,000,000.                               $ 1,000,000

180,000       $35                               $4,500,000.                               $1,000,000

200,000.      $30.                            $5,000,000                                  $1,000,000

How much profit will Troy have if a price of $45 is charged?

Round to two decimal places.

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