Qusetion a proposed new investment has projected sales of, Ask an Expert

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Qusetion: A proposed new investment has projected sales of $834,000. Variable costs are 53 percent of sales, and fixed costs are $187,380; depreciation is $95,500. Assume a tax rate of 35 percent.

What is the projected net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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