The Chester's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost be? Assume Chester spends the same amount extra above the $1,000 recruiting base as they did last year. Complement is 527 and recruiting spend is $5,000 and productivity index is 123%.

Select: 1

$2,895,000

$265,000

$3,474,000

$318,000