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McKinnon Inc. reports current sales of $2,069 million and cost of goods sold of $945 million. For next year, you project sales will grow by
McKinnon Inc. reports current sales of $2,069 million and cost of goods sold of $945 million. For next year, you project sales will grow by 6%. What would be the projected cost of goods sold for next year? Assume that cost of goods sold as a percentage of sales is expected to remain constant.
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