EPD Details ABS Global Bull S. ABS Global Bull S... ABS Global Bull s...Angus connect. FINANCE 2018 On 9 HWK Question 3 (of 10) value: 1.00 points A proposed new investment has projected sales of $750,000. Variable costs are 55 percent of sales, and fixed costs are $182,500; depreciation is $86,000. Assume a tax rate of 35 percent. Required What is the projected net income? (Do not round intermediate calculations) Net income References eBook& Resources Worksheet Learning Objective: 09-02 Analyze a projects projected cash flows Section: 9.3 Pro Forma Financial Statements and Project Cash Flows Difficulty: 1 Basic