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A proposed new investment has projected sales of $ 7 1 5 , 0 0 0 . Variable costs are 3 9 percent of sales,

A proposed new investment has projected sales of $715,000. Variable costs are 39 percent of sales, and fixed costs are $216,000; depreciation is $99,000. Assume a tax rate of 21 percent. What is the projected net income?

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