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Question 3 12 pts A company is evaluating whether to introduce a new product. After thinking through the production process and the costs of raw materials and new equipment, the company estimates the variable cost of each unit is $83.0 and the fixed costs per year is $153,025. The marketing department predicts a sales of 13,712 units for the first year if the selling price is set at $158.2 per unit. What would be the total profit from this product during the first year? Use at least 4 decimals