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Saudi Telecom Company is preparing its budget for the upcoming fiscal year. The company expects total revenue of SAR 100,000,000 and total expenses of SAR

Saudi Telecom Company is preparing its budget for the upcoming fiscal year. The company expects total revenue of SAR 100,000,000 and total expenses of SAR 80,000,000, including operating expenses, taxes, and capital expenditures. Calculate the projected net income for Saudi Telecom Company and discuss the importance of budgeting in financial planning.

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