The Centennial Chemical Corporation just announced income after taxes of $2,768,028.25 on revenues of $13,144,680. The companys

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The Centennial Chemical Corporation just announced income after taxes of $2,768,028.25 on revenues of $13,144,680. The company’s costs (excluding depreciation and amortization) amounted to 61 percent of sales, and it had interest expenses of $392,168. What is the firm’s depreciation and amortization expense if its average tax rate is 34 percent?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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