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Your boss is determined to get to a net income of $1.3 million next year. You know your cost of goods sold is 45% of
Your boss is determined to get to a net income of $1.3 million next year. You know your cost of goods sold is 45% of sales and your tax rate is 35%. Interest expense will be $500,000 and depreciation will be $300,000. What sales level will be necessary to get to the net income your boss wants? A. $9,321,364 B. $5,090,909 O C. $4,545,455 D. $8,207,792
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