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In 2019, X Company's profit function was 0.37R - $85,500, where R is revenue. In 2020, the relationship between revenue and variable costs will not
In 2019, X Company's profit function was 0.37R - $85,500, where R is revenue. In 2020, the relationship between revenue and variable costs will not change, but fixed costs will decrease by $17,100. Assuming a tax rate of 40%, what will revenue have to be in order for X Company to earn $46,400 after taxes in 2020
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