Hudson Company reports in its 2017 10-K, sales of $332 million, long-term debt of $27 million, and interest expense of $980,000. If sales are projected to increase by 4% next year, projected interest expense for 2018 will be:
A) $1,019,200
B) $ 908,000
C) $1,007,000
D) $ 980,000
Answers: 2
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