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The magnitude of operating leverage for Forbes Corporation is 3.0 when sales are $220,000 and net income is $26,000. If sales increase by 5%, what

The magnitude of operating leverage for Forbes Corporation is 3.0 when sales are $220,000 and net income is $26,000. If sales increase by 5%, what is net income expected to be?

$30,000
$26,300
$29,900
$27,300

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