3. The president of a small manufacturing firm is concerned about the continual growth in manufacturing costs in the pas

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3. The president of a small manufacturing firm is concernedabout the continual growth in manufacturing costs in the pastseveral years. The data series of the cost per unit for the firm'sleading product over the past eight years is as follows: YearCost/Unit ($) Year Cost/Unit ($) 1 26 5 34.5 2 27.5 6 36 3 32 7 374 33 8 39 What is the forecasting Cost/unit($) for Year 9? a. 39.00to 42.00 b. 45.00 to 48.00 c. 49.00 to 52.00 d. 53.00 to 55.00