3-22 Role of Income Taxes Reconsider the toy-rocket problem as described in Problem 1 for Self-Study at

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3-22 Role of Income Taxes Reconsider the toy-rocket problem as described in Problem 1 for Self-Study at the end of the chapter. Also study the appendix. Suppose you want to obtain a net income of $250 after taxes. How many rockets must be sold? Assume an income-tax rate of 40 percent.

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