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Price Corporation is considering selling to a group of new customers and creating new annual sales of $ 4 9 0 , 0 0 0

Price Corporation is considering selling to a group of new customers and creating new annual sales of $490,000.4% will be uncollectible. The collection cost on all accounts is 4% of new sales, the cost of producing and selling is 78% of sales, and the firm is in the 21% tax bracket. What is the profit on new sales?Multiple Choice$54,194$55,322$56,372$55,481

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