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A proposed new investment has projected sales of $645,000. Variable costs are 36 percent of sales, and fixed costs are $174,000; depreciation is $85,000. Assume
| A proposed new investment has projected sales of $645,000. Variable costs are 36 percent of sales, and fixed costs are $174,000; depreciation is $85,000. Assume a tax rate of 22 percent. |
| What is the projected net income? |
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
