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
A$3,000
B$11,250
C$52,988
D$70,650