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ABC company uses the percentage of sales model to expect sales. The company expects sales to increase by 5% annually over the next five years.
"ABC company uses the percentage of sales model to expect sales. The company expects sales to increase by 5% annually over the next five years. If costs are proportional to sales at 70%, and last year's sales were $ 3,000, what is the projected net income in year 5? "
"$2.350 "
"$3,828 "
"$1.148.84"
"$7,000 "
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