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Adelman Art is considering the purchases of an art gallery in New Orleans. Adleman would buy the assets of the gallery for $400,000. Projections for

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Adelman Art is considering the purchases of an art gallery in New Orleans. Adleman would buy the assets of the gallery for $400,000. Projections for Adelman's first year of ownership are: Sales = 1,200 artist signed prints, sale price per print - $600, variable expenses = 60%, and fixed expenses = $240,000. Adelman's executive committee recognizes the investment has significant risk. Accordingly, Adelman's ownership team expects a 12.0% after-tax return on investment with a tax rate of 20.0%. Compute the sales volume required to reach the required target profit. 1,200 units (signed prints) 1,250 units (signed prints) 1,300 units (signed prints) 1,350 units (signed prints) None of the other answers are correct

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