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Problem 9-3 Calculating Projected Net Income [LO 2] A proposed new investment has projected sales of $836,000. Variable costs are 56 percent of sales, and
Problem 9-3 Calculating Projected Net Income [LO 2]
| A proposed new investment has projected sales of $836,000. Variable costs are 56 percent of sales, and fixed costs are $187,540; depreciation is $96,500. Assume a tax rate of 40 percent. |
| Required: |
| What is the projected net income? (Do not round intermediate calculations.) |
| Net income | $ |
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