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A company can sell 50,000 units per year at a price of $4.00 per unit. The variable cost per unit is $2.50. Fixed costs to

A company can sell 50,000 units per year at a price of $4.00 per unit. The variable cost per unit is $2.50. Fixed costs to include rent, etc. will run $12,000 per year. The tax rate is 34%. What is Net Income for the first year?

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