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Price Corp. is considering selling to a group of new customers and creating new annual sales of $310,000. 4% will be uncollectible. The collection cost

Price Corp. is considering selling to a group of new customers and creating new annual sales of $310,000. 4% will be uncollectible. The collection cost on all accounts is 6% of new sales, the cost of producing and selling is 84% of sales, and the firm is in the 21% tax bracket. What is the profit on new sales

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