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Your company has pretax income of $52,000 on sales of $506,000. Sales are expected to increase by 6% next year and the tax rate is

Your company has pretax income of $52,000 on sales of $506,000. Sales are expected to increase by 6% next year and the tax rate is 21%. What is the expected net income for next year if your firm uses the percentage of sales approach when compiling pro forma statements?

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