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A proposed new investment has projected sales of $844,000. Variable costs are 53 percent of sales, and fixed costs are $188,080; depreciation is $100,500. Assume

A proposed new investment has projected sales of $844,000. Variable costs are 53 percent of sales, and fixed costs are $188,080; depreciation is $100,500. Assume a tax rate of 30 percent. What is the projected net income?

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