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A proposed new investment has projected sales of $828,000. Variable costs are 54 percent of sales, and fixed costs are $187,180; depreciation is $92,500. Assume
A proposed new investment has projected sales of $828,000. Variable costs are 54 percent of sales, and fixed costs are $187,180; depreciation is $92,500. Assume a tax rate of 35 percent. Required: What is the projected net income?
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