Lexington Inc. has received the following information from its accountants. The firm is projected to...
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Lexington Inc. has received the following information from its accountants. The firm is projected to have sales of $79,965,617 and a selling price of $4,000 per unit. The firm is also expected to have variable costs of $25,895,346 and interest expense of $4,437,923. The firm has a marginal tax rate of 21%. If the firm expects to have net income of $10,528,433, to what amount must it limit fixed costs? SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND OFF THE FINAL ANSWER TO THE NEAREST WHOLE NUMBER. FOR EXAMPLE IF YOUR ANSWER IS 1,000,000.98 THEN ENTER YOUR ANSWER AS 1000001 ONLY. DO NOT ENTER ANY SYMBOLS
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