Question
Anderson Corporation predicts that this year's sales will total $7,500,000. The selling price for their product is $62.50 per unit. Variable costs amount to $38
Anderson Corporation predicts that this year's sales will total $7,500,000. The selling price for their product is $62.50 per unit. Variable costs amount to $38 per unit. Net income (after taxes) is projected to be $165,750. The firm's marginal tax rate is 35%. What will be the firm's total fixed costs?
The answer is 2,540,000. I just dont know how to get it
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
