Question: For the base case in this question, as a percentage of sales, COGS = 5 8 percent, SGA = 2 0 percent, R & D

For the base case in this question, as a percentage of sales, COGS =58 percent, SGA=20 percent, R&D=5.0 percent. Depreciation,
Interest expense are fixed as stated. Tax Rate is 21 percent.
For the base case in this question, as a percentage of

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