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Target Profit with Taxes. Management of Lakewood Company would like to achieve a target profit after taxes of $300,000. The company's income tax rate is

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Target Profit with Taxes. Management of Lakewood Company would like to achieve a target profit after taxes of $300,000. The company's income tax rate is 40 percent. What target profit before taxes is required to achieve the $300,000 after-tax profit de- sired by management

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