What is the expected net income for this year

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ABC expects sales of $21,992,000 this year. The cost of goods sold is expected to be $8,667,000 while selling, general and admin (SGA) expenses are forecast to be $4,337,000. The firm expects depreciation expenses to be $270,000 and expects to pay an average interest rate of 4% on its $4,139,000 of liabilities. Given its tax rate of 40%, what is the expected net income for ABC this year?

Reference no: EM131624547

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