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3. Baker's Dozen has current sales of $1,400 and a profit margin of 7 percent. The firm estimates that sales will increase by 8% next

3. Baker's Dozen has current sales of $1,400 and a profit margin of 7 percent. The firm estimates that sales will increase by 8% next year and that all costs will vary in direct relationship to sales. What is the pro forma net income? (7 Points) $90.72 $98.00 $105.84 $107.84 $119.84

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