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A project will increase revenue from $1 million to $1.5 million. Wages are 40% of revenue. Maintenance on the machine will be $34,000, the same
A project will increase revenue from $1 million to $1.5 million. Wages are 40% of revenue. Maintenance on the machine will be $34,000, the same as it is on the machine that will be replaced. What is the incremental net revenue (i.e. change in revenue minus expenses) that will result from accepting this project?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
