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Krueger Industrial Smoothing wants net income of $850,000 next year. Their tax rate is 22% and they have interest expense of $650,000. Their depreciation is
Krueger Industrial Smoothing wants net income of $850,000 next year. Their tax rate is 22% and they have interest expense of $650,000. Their depreciation is $500,000 and fixed operating costs are $300,000. If cost of goods sold run 35% of sales and they plan to pay out $200,000 in dividends, what sales level will be necessary for the firm to reach its goal?
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