A peanut manufacturing company pays $0.02 per square inch of label used on its cylindrical peanut containers. Each container has a radius of 1.5 inches and a height of 2.5 inches. If the label covers the lateral area of the container, how much would it cost to produce 150,000 labels?
A. $3,000
B. $11,250
C. $52,988
D. $70,650
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