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X Companys profit equation next year is expected to be 0.43R-$12,100, where R is total revenue. Assuming a tax rate of 38%, what must next
X Company’s profit equation next year is expected to be 0.43R-$12,100, where R is total revenue. Assuming a tax rate of 38%, what must next year’s revenue be in order for X Company to earn after-tax profits of $28,000?
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