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A proposed new investment has projected sales of $833,000. Variable costs are 54 percent of sales, and fixed costs are $187,280; depreciation is $95,000. Assume
A proposed new investment has projected sales of $833,000. Variable costs are 54 percent of sales, and fixed costs are $187,280; depreciation is $95,000. Assume a tax rate of 40 percent.
What is the Projected Net Income? (Do not round intermediate calculations)
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