Question
3. A proposed new investment has projected sales of $645,000. Variable costs are 40% of sales, and fixed costs are $168,000; depreciation is $83,000. Show
3. A proposed new investment has projected sales of $645,000. Variable costs are 40% of sales, and fixed costs are $168,000; depreciation is $83,000. Show a pro forma income statement assuming a tax rate of 35%. What is the projected net income?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
16th edition
125927716X, 978-1259687969, 1259687961, 978-1259277160
