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Show work for rating Howell, Inc., reports 2014 sales of $202 million, income before income taxes of $51.2 million and tax expense of $9.10 million.

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Howell, Inc., reports 2014 sales of $202 million, income before income taxes of $51.2 million and tax expense of $9.10 million. If sales are projected to increase by 3.8% next year, projected tax expense for 2014 will be

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