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1. Lone Star Plastics has the following data. What is Lone Star's EBIT? Total assets = $5m Profit margin = 10% Tax rate = 50%

1. Lone Star Plastics has the following data. What is Lone Star's EBIT?

Total assets = $5m Profit margin = 10% Tax rate = 50%

Debt ratio = 40% Interest rate = 20% Total assets turnover = 4.0

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