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The magnitude of operating leverage for Forbes Corporation is 2.4 when sales are $160,000 and net income is $20,000. If sales increase by 5%, what

The magnitude of operating leverage for Forbes Corporation is 2.4 when sales are $160,000 and net income is $20,000. If sales increase by 5%, what is net income expected to be?

$22,400

$21,000

$20,000

$24,000

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