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XYZ Firm is considering a new project that they expect to generate annual sales of $5,425,000 and annual costs of $1,580,000. If they expect their

XYZ Firm is considering a new project that they expect to generate annual sales of $5,425,000 and annual costs of $1,580,000. If they expect their annual depreciation expense to be $975,000 and their tax rate is 20%, then what is their net income?

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