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A proposed new investment has projected sales of $843,000. Variable costs are 54 percent of sales, and fixed costs are $187,980; depreciation is $100,000. Assume
A proposed new investment has projected sales of $843,000. Variable costs are 54 percent of sales, and fixed costs are $187,980; depreciation is $100,000. Assume a tax rate of 35 percent.
| Required: |
| What is the projected net income? (Do not round intermediate calculations.) |
| Net income | $ |
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