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Please show the formula. Thank you! A proposed new investment has projected sales of $635,000. Variable costs are 44 percent of sales, and fixed costs

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Please show the formula. Thank you!

A proposed new investment has projected sales of $635,000. Variable costs are 44 percent of sales, and fixed costs are $193,000; depreciation is $54,000. Prepare a pro forma income statement assuming a tax rate of 21 percent. What is the projected net income? Complete the following analysis. Do not hard code values in your calculations

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