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A proposed new investment has projected sales of $675,000. Variable costs are 42 percent of sales, and fixed costs are $192,000; depreciation is $91,000. Assume
A proposed new investment has projected sales of $675,000. Variable costs are 42 percent of sales, and fixed costs are $192,000; depreciation is $91,000. Assume a tax rate of 23 percent.
| What is the projected net income? |
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
