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A proposed new investment has projected sales of $841,000. Variable costs are 56 percent of sales, and fixed costs are $187,840; depreciation is $99,000. Assume

A proposed new investment has projected sales of $841,000. Variable costs are 56 percent of sales, and fixed costs are $187,840; depreciation is $99,000. Assume a tax rate of 30 percent. Required: What is the projected net income?

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