Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:
Units Sold | Price | Total Variable Costs | Fixed Costs |
120,000 | $48 | $3,000,000 | $1,000,000 |
148,000 | $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?