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3. The AD Company expects to have total sales next year totaling $15,000,000. In addition,...

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3. The AD Company expects to have total sales next year totaling $15,000,000. In addition, the firm pays taxes at 35% and will owe $300,000 in interest expense. Based on last year's operations the firm's management predicts that its cost of goods sold will be 60% of sales and operating expenses will total 30%. What is your estimate of the firm's net income (after taxes) for the coming year? Beige opu

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