Tory Company sells a single product. Tory estimates demand and costs at various activity levels as follows:
Units Sold Price Total Variable Costs Fixed Costs
120,000 $483,000,000 $1,000,000
158,000 $453,510,000 $1,000,000
160,000 $404,000,000 $1,000,000
180,000 $354,500,000 $1,000,000
200,000 $305,000,000 $1,000,000
How much profit will Tory have if a price of $45 is charged? Round to two decimal places.
