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Mr. Neale is planning to upgrade to better production equipment for his firm. This will help him to make more of his product in the
Mr. Neale is planning to upgrade to better production equipment for his firm. This will help him to make more of his product in the same amount of time. Thus, he forecasts that total sales will increase next year by 18% over the current amount of 110,000 units. If the selling price is $21 per unit, what are the incremental revenues next year from this upgrade?
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