A new investment has projected sales of

$450,000

. Costs of goods sold are

40%

of sales, and fixed costs are

$100,000

. The depreciation expense is

$75,000

. Assume a tax rate of

40%

.\ What is the (after-tax) net income?\ Note: please write down the answer to this question, which is needed for the next question.\

$57,000

\

$95,000

\

$38,000

\

$61,750

A new investment has projected sales of $450,000. Costs of goods sold are 40% of sales, and fixed costs are $100,000. The depreciation expense is $75,000. Assume a tax rate of 40%. What is the (after-tax) net income? Note: please write down the answer to this question, which is needed for the next question. $57,000 $95,000 $38,000 $61,750