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4.) Lasty year Baker-Huggy, Inc. had sales of $500,000, fixed costs of $10,000 and net operating income of $30,000. If sales increase by 20%, by

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4.) Lasty year Baker-Huggy, Inc. had sales of $500,000, fixed costs of $10,000 and net operating income of $30,000. If sales increase by 20%, by how much will the firm's NOI increase? What would happen to the firm's NOI if sales decreased by 20%? (5 points)

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