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In 20Y3: 1. Sales are expected to increase by 20 percent. 2. Gross margin will increase to 50 percent. 3. Operating expenses will increase to

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In 20Y3: 1. Sales are expected to increase by 20 percent. 2. Gross margin will increase to 50 percent. 3. Operating expenses will increase to $40,100 (including $6,800 in depreciation). 4. The tax rate will be reduced to 45 percent. Selected financial information (000's) Sales Cost of goods sold Gross profit Operating expenses Pretax profit Income tax expense Net profit after tax 2041 $77,112 39,168 37944 33.660 4,284 2.142 2.142 2042 $78,030 39.474 38.556 33.560 4896 2.448 2.448 What is the projected net profit after tax in 2013? $18,054 $2,061 $3,695 $3,023

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