Question: Problem 1 0 - 3 Calculating Projected Net Income [ LO 1 ] A proposed new investment has projected sales of $ 5 1 5

Problem 10-3 Calculating Projected Net Income [LO1]
A proposed new investment has projected sales of $515,000. Variable costs are 44
percent of sales, and fixed costs are $128,500; depreciation is $49,750. Prepare a pro
forma income statement assuming a tax rate of 24 percent. What is the projected net
income? (Input all amounts as positive values. Do not round intermediate
calculations.)
Problem 10-3 Calculating Projected Net Income [LO1] A proposed new investment

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