Problem 9-3 Calculating Projected Net Income [LO 2] A proposed new investment has projected sales of $730,000. Variable costs are 42 percent of sales, and fixed costs are $225,000; depreciation is $102,000. Assume a tax rate of 24 percent. What is the projected net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income

A proposed new investment has projected sales of $730,000. Variable costs are 42 percent of sales, and fixed costs are $225,000; depreciation is $102,000. Assume a tax rate of 24 percent. What is the projected net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g.; 32.)