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You are hoping your business can show a net income of $1,850,000 next year while paying $400,000 in dividends and are trying to estimate the
You are hoping your business can show a net income of $1,850,000 next year while paying $400,000 in dividends and are trying to estimate the sales level necessary to reach this goal. You know that your cost of goods sold run 55% of sales and that your interest expense will be $452,000. Your fixed operating costs run $935,000 and you expect depreciation of $385,000 with an estimated tax rate of 24%. What sales level will be necessary to reach your target net income? O A. $7,740,936 B. $17,236,970 on C. $9,347,135 D. $10,236,023 E. $7,269,357 Reset Selection Mark for Review What's This
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