A proposed new investment has projected annual sales of, Ask an Expert

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A proposed new investment has projected annual sales of $830,000. Variable costs are 60 percent of sales, and fixed costs are $181,000 per year; depreciation is $77,000 per year. Prepare a pro forma income statement assuming a tax rate of 35 percent. The projected net income per year is $. (Do not include the dollar sign ($).)

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Financial Management, Finance

Category:- Financial Management
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