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McKinnon Inc. reports in its 2013 annual report 10-K, sales of $2, 045 million and cost of goods sold of $818 million. For next year,

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McKinnon Inc. reports in its 2013 annual report 10-K, sales of $2, 045 million and cost of goods sold of $818 million. For next year, you project that sales will grow by 5% and that cost of goods sold percentage will be 2 percentage points higher. Projected cost of goods sold for 2014 will be: A) $834 million B) $902 million C) $859 million D) $861 million E) There is not enough information to determine the amount

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