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You are hoping that your firm can show a net income of $250,000 next year. Your total operating costs generally run 30% of sales and
You are hoping that your firm can show a net income of $250,000 next year. Your total operating costs generally run 30% of sales and interest expense is $35,000. Your tax rate is 22% and you expect depreciation of $62,000. What sales level will you most likely need to achieve your net income goal?
$1,391,709
$1,761,948
$4,111,212
$596,447
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