The vice president of marketing and the director of human resources have developed a proposal whereby the company would compensate the sales force on a strictly commission basis. Given the increased incentive, they expect net sales to increase by 15%. As a result, they estimate that gross profit will increase by $90,396 and expenses by $123,444. Compute the expected new net income. (Hint: You do not need to prepare an income statement.) Then, compute the revised profit margin and gross profit rate. Revised net income Revised profit margin (Round to 1 decimal place, e.g. 15.2\%) Revised gross profit rate (Round to 1 decimal place, e.g. 15.2\%) $ eTextbook and Media List of Accounts Last saved 1 second ago. Attempts: 1 of 7 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes