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A proposed new investment has projected sales of $832,000. Variable costs are 57 percent of sales, and fixed costs are $187,260; depreciation is $94,500. Assume

A proposed new investment has projected sales of $832,000. Variable costs are 57 percent of sales, and fixed costs are $187,260; depreciation is $94,500. Assume a tax rate of 30 percent. Required: What is the projected net income

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