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Alter Inc. plans to grow sales at a 10% annual rate in 2021. Interest expense in 2021 is expected to remain at $3,000. Assuming that

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Alter Inc. plans to grow sales at a 10\% annual rate in 2021. Interest expense in 2021 is expected to remain at $3,000. Assuming that income statement and balance sheet relationships to sales are unchanged and that the tax rate is 20%. What is net income for 2021? Between $23,001 and 24,500 Between $24,501 and $26,000 Above $26.000 Less than $23,000

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