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A purposed new investment has projected sales $ 6 4 5 , 0 0 0 . Variable costs are 3 6 % of sales, and

A purposed new investment has projected sales $

645, 000 .

Variable costs are

36 %

of sales, and fixed costs are $

174, 000

; depreciation is $

85, 000 .

Assume a tax rate of

22 % .

What is the projected net income?

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