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Please show step by step calculations on a regular calculator or financial calculator thank you A proposed new investment has projected sales of $760,000. Variable

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Please show step by step calculations on a regular calculator or financial calculator thank you

A proposed new investment has projected sales of $760,000. Variable costs are 60 percent of sales, and fixed costs are $165,000: depreciation is $66,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected net income? (Input all amounts as positive values. Do not round intermediate calculations.)

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