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A manufacturing company wants to project its gross profit for the upcoming year. Last year it sold 500 widgets, and each widget costs $5

A manufacturing company wants to project its gross profit for the upcoming year. Last year it sold 500 widgets, and each widget costs $5 in direct materials/labor to produce and sells for $9. Management expects unit sales to increase 30%, costs to rise 20%, and selling price to remain level. What is the company's projected gross profit?

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