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Given the following information: sales = $500; costs = $400; tax rate = 34%. Assuming costs run at a constant percentage of sales, if sales

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Given the following information: sales = $500; costs = $400; tax rate = 34%. Assuming costs run at a constant percentage of sales, if sales rise by 12% next year, what will net income be? Select one: O a. $36.30 b. $73.92 c. $66.00 O d. $73.26 e. $72.60

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