For this question $(2$ questions will use this info and the Dupont Model$),$ assume you are performing exceptionally well in your new supply chain management position.$$ Your goal was to reduce material costs by $7\%,$ and your annual review indicates that you have achieved this goal.$$ What is the estimated new net income?

Revenue $($Sales$)$ :$53,620,000$

Cost of Goods Sold:$34,927,000$

Gross Profit:$18,693,000$

Expenses:$15,285,000$

Net Income:$3,408,000$

$$

What is the estimated new net income?

a$).$ $$1,955,912$

b$).$ $$2,375,036$

c$)$ $$3,408,000$

d$).$ $$5,363,912$

e$).$ $$5,783,036$