Problem 9-3 Calculating Projected Net Income [LO 2] A proposed new investment has projected sales of $675,000. Variable costs are 42 percent of sales, and fixed costs are $192,000; depreciation is $91,000. Assume a tax rate of 23 percent. What is the projected net income? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Net income

Problem 9-3 Calculating Projected Net Income [LO 2] A proposed new investment has projected sales of $675,000. Variable costs are 42 percent of sales, and fixed costs are $192,000; depreciation is $91,000. Assume a tax rate of 23 percent. What is the projected net income? Note: Do not round intermediate calculotions and round your answer to the nearest whole number, e.g., 32