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 $43,678 and expenses by $63,288. Compute the expected new net income. Then, compute the revised profit margin and gross profit rate. (Ignore income tax effects.)

Revised net income	$ enter a dollar amount
Revised profit margin (Round to 1 decimal place, e.g. 15.2%)	enter percentages rounded to 1 decimal place
Revised gross profit rate (Round to 1 decimal place, e.g. 15.2%)	enter percentages rounded to 1 decimal place