Enok, a prospective franchise owner, is looking to keep his monthly costs as low as possible. The franchisor he is checking out is advertising that royalty payments of 8% of sales could be as high as $300,000 per month. The franchisor is claiming that a franchisee can expect monthly sales to be as high as
(1) $300,000.
(2) $3,125,000.
(3) $3,750,000.
(4) $3,000,000.
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