Alafaya has asales forecast of $10 million and has set a goal to earn $4,320,000 in net income in the coming year. The firm manufactures heat resistant components for gas turbine engines that sell for $5,000 each. This firm has a 60% contribution margin, a 21% tax rate, and no outstanding debt. What will be the fixed costs in the next year should the firm reach its goal?

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Okay lets solve this stepbystep Sales forecast 10 million Goal net income 4320000 P... View the full answer