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Score: 0 of 2 pts 5 of 20 (7 complete) HW Score: 26%, 13 of 50 pts P 9-5 (similar to) Question Help Kokomochi is

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Score: 0 of 2 pts 5 of 20 (7 complete) HW Score: 26%, 13 of 50 pts P 9-5 (similar to) Question Help Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi plans to spend $5.6 million on TV, radio, and print advertising this year for the campaign. The ads are expected to boost sales of the Mini Mochi Munch by $10.1 million this year and $8.1 million next year. In addition, the company expects that new consumers who try the Mini Mochi Munch will be more likely to try Kokomochi's other products. As a result, sales of other products are expected to rise by $2.4 million each year. Kokomochi's gross profit margin for the Mini Mochi Munch is 31%, and its gross profit margin averages 21% for all other products. The company's marginal corporate tax rate is 35% both this year and next year. What are the incremental earnings associated with the advertising campaign? Complete the table below: (Round to the nearest dollar.) Incremental Earnings Forecast Year 1 Sales of Mini Mochi Munch $ Other Sales $ A Cost of Goods Sold Gross Profit $ Selling, General, and Admin. Expenses $ Depreciation 0 EBIT $ Enter any number in the edit fields and then click Check

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