Your pro forma income statement shows sales of $2,300,000, cost of goods sold as $980,000, depreciation expense
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Your pro forma income statement shows sales of $2,300,000, cost of goods sold as $980,000, depreciation expense of $600,000, and taxes of $216,000 due to a tax rate of 30%. What are your pro forma earnings? What is your pro forma free cash flow?
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