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A company that manufactures monitors has fixed costs of $79,000 per annum. The variable costs are 27% of sales and the profit is $60,000. When

A company that manufactures monitors has fixed costs of $79,000 per annum. The variable costs are 27% of sales and the profit is $60,000. When the selling price was reduced by 15%, the sales volume increased by 30%.

What is the amount of change in net income? Round to the nearest cent

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