Python Inc. reports in its 20X8 annual report 10-K, sales of $8,180 million and cost of goods sold of $3,272 million.

Python Inc. reports in its 20X8 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 20X9 will be:

A.$3,304 million

B.$3,370 million

C.$3,403 million

D.$3,454 million

E.$3,813 million