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A proposed new investment has projected sales of $599,000. Variable costs are 42 percent of sales, and fixed costs are $135,500; depreciation is $53,250. Prepare
A proposed new investment has projected sales of $599,000. Variable costs are 42 percent of sales, and fixed costs are $135,500; depreciation is $53,250. Prepare a pro forma income statement assuming a tax rate of 23 percent. What is the projected net income? (Input all amounts as positive values. Do not round intermediate calculations.) Problem 13-5 Calculating Expected Return [LO1] Consider the following information: Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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