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The S&H Construction Company expects to have total sales next year totaling $14,800,000. In addition, the firm pays taxes at 35percent and will owe $318,000

The S&H Construction Company expects to have total sales next year totaling $14,800,000. In addition, the firm pays taxes at

35percent and will owe $318,000 in interest expense. Based on last year's operations the firm's management predicts that its cost of goods sold will be 55 percent of sales and operating expenses will total 27 percent. What is your estimate of the firm's net income (after taxes) for the coming year?

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