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A proposed new investment has projected sales in Year 5 of $940,000. Variable costs are 41 percent of sales and fixed costs are $147,000. CCA
A proposed new investment has projected sales in Year 5 of $940,000. Variable costs are 41 percent of sales and fixed costs are $147,000. CCA for the year will be $104,000. Prepare a projected statement of comprehensive income, assuming a 35 percent tax rate.
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