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I'm Tired of Working (TW) is a travel agency. They charge a $150 booking fee for each booked trip. The operating costs for TW are
I'm Tired of Working (TW) is a travel agency. They charge a $150 booking fee for each booked trip. The operating costs for TW are $83 per booking, and $425,000 in annual expenses that do not change regardless of the number of bookings. Historically, they have had an effective tax rate of 20%. How many bookings does TW need in order to reach an after-tax target profit of $620,000? Please round to the nearest whole dollar, regardless of normal rounding conventions
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