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A proposed new investment has projected sales of $770,000. Variable costs are 65 percent of sales, and fixed costs are $166,000; depreciation is $67,000. Prepare
A proposed new investment has projected sales of $770,000. Variable costs are 65 percent of sales, and fixed costs are $166,000; depreciation is $67,000. Prepare a pro forma income statement assuming a tax rate of 34 percent. What is the projected net income?
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