Question: Problem 9-3 Calculating Projected Net Income [LO 2] A proposed new investment has projected sales of $836,000. Variable costs are 56 percent of sales, and

Problem 9-3 Calculating Projected Net Income [LO 2]

A proposed new investment has projected sales of $836,000. Variable costs are 56 percent of sales, and fixed costs are $187,540; depreciation is $96,500. Assume a tax rate of 40 percent.

Required:

What is the projected net income? (Do not round intermediate calculations.)

Net income

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