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Be sure your inputs are set to the following: $4,000,000 year 0 Plant Cost Sales (units) 80,000 year 1 Selling Price $25 each Sales
Be sure your inputs are set to the following: $4,000,000 year 0 Plant Cost Sales (units) 80,000 year 1 Selling Price $25 each Sales Growth per year Variable Costs 40% of revenue SG&A 50% of revenue SG&A Declines 2% per year Depreciation 5 years, straight-line 35% Tax Rate What is the Sales Growth percentage that results in total net income closest to 0? Report your answer to the nearest 0.1% with no extra words or punctuation. Examples of Correct Answers: 22.3% 22.3 Answer:
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Financial Accounting: A Business Process Approach
Authors: Jane L. Reimers
3rd edition
978-013611539, 136115276, 013611539X, 978-0136115274
