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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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