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Russ Company began production of a new solar energy component (Product E) made from eco-friendly...

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Accounting

Russ Company began production of a new solar energy component (Product E) made from eco-friendly materials. Production required an asset investment of $3,400,000, and requires an 18% return on invested assets. For production of 125,000 units, the variable cost of each component is $16 and fixed costs are $1,000,000.
What is the desired profit from the production and sale of Product E?

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