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Payton Inc. reports in its 2017 annual report 10-K, sales of $8,180 million and cost of...

Payton Inc. reports in its 2017 annual report 10-K, sales of $8,180 million and cost of goods sold of $3,272 million. For next year, you project that sales will grow by 3% and that cost of goods sold percentage will be 1 percentage point higher.

Projected cost of goods sold for 2018 will be:

Select one:

A. $3,304 million

B. $3,813 million

C. $3,454 million

D. $3,370 million

E. There is not enough information to determine the amount.

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