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Last year: Sales were $3,500,000, COGS were $2,000,000, SG&A were $550,000, Depreciation was $350,000, Interest expense was $50,000, and the tax rate was 25%. In

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Last year: Sales were $3,500,000, COGS were $2,000,000, SG&A were $550,000, Depreciation was $350,000, Interest expense was $50,000, and the tax rate was 25%. In a pro forma income statement, what is net income projected under the worst case scenario if sales are to remain unchanged and COGS and SG&A are projected to increase by 2% over last year? 0 a $412.500 b. $374.250 c. $392.962 d. $391.875 What is the annual payment (rounded to the nearest dollar) of a 30 year $250,000 mortgage with a 5% interest rate? a. $16,283 b. S15,488 c. $21.222 d. $17.245

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