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Green Co. manufactures solar panels. In 2018 they are projecting that they will sell 5850 solar...

Green Co. manufactures solar panels. In 2018 they are projecting that they will sell 5850 solar panels. They pay $800,000 to there employees. They will spend $900,000 on materials, $80,000 on utilities. They have bonds outstanding and they will pay $200,000 in interest on those bonds. Green Co will make a dividend distribution of $500,000 to its share holders. The IRS will allow a $100 tax credit for every solar panel that they sell, and they have $200,000 of allowable depreciation. All of their income comes from the sale of solar panels, and they will sell them at an average price of $1750. What is their projected income for 2018?

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