1. Sales are expected to increase by 15 percent. 2. Gross margin will increase to 50 percent. 3. Operating expenses will increase to $40,100 (including $6,800 in depreciation). 4. The tax rate will be reduced to 48 percent. Selected financial information (000's): 2011 $77,112 39,168 20Y2 $78,030 39,474 37,944 33,660 38,556 33,660 Sales Cost of goods sold Gross profit Operating expenses Pretax profit Income tax expense Net profit after tax 4,284 2,142 4,896 2,448 2,142 2,448 What is the projected net profit after tax in 20Y3? O $2,479 O ($2,033) O $7,055 O $12,408