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Our company is a price taker and has the following information available for the current year: budgeted production, 220,000 units; desired operating income as a

Our company is a price taker and has the following information available for the current year:

budgeted production, 220,000 units;

desired operating income as a percentage of total assets, 16%;

current market price of our product, $50 per unit; and

total assets, $12,000,000.

What is our companys desired profit for the year?

Group of answer choices

$1,760,000

$1,920,000

$9,080,000

$11,000,000

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