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Compute sales needed to achieve the required target profit

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Reference no: EM132965907

Question - An investor chooses to support your new venture by investing $400,000. At a tax rate of 20%, the investor expects an after-tax rate of return of 8%. Fixed expenses = $50,000, and variable expenses = 40% of sales. Compute Sales needed to achieve the required target profit.

Reference no: EM132965907

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