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Select Comfort Inc. is expecting revenues of $934,978 next year. Last year, net property, plant,…

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Select Comfort Inc. is expecting revenues of $934,978 next year. Last year, net property, plant, and equipment was $43,850 and debt was $6,000. Assume a depreciation rate of 23.6%, CAPEX of $30,000, and a cost of debt of 5%. Use the table below and the information provided to forecast Select Comfort’s net income for next year. Select Comfort Inc. Select Financial Information Last Year Next Year Revenues 934,978 743,203 272,858 Cost of Goods Sold SG&A 366,349 13,543 Depreciation EBIT 90,453 188 Interest Expense Pre-Tax Income Income Taxes 90,265 29,787 Net Income 60,478 Next year’s net income = $ 76935 Check Answer

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