A proposed new investment has project sales of $860,000. Variable costs are 60 percent of sales, and
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A proposed new investment has project sales of $860,000. Variable costs are 60 percent of sales, and fixed cost are $195,000; depreciation is $86,000. Prepare a pro form a income statement assuming a tax rate of 35 percent. What is the project net income?
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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