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26, Joshua Knox's Corporation recently reported net income of $3,300,000. The tax rate is 40%. The company's interest expense was $925,000. The company's operating costs

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26, Joshua Knox's Corporation recently reported net income of $3,300,000. The tax rate is 40%. The company's interest expense was $925,000. The company's operating costs other than depreciation was $2,950,000 and its depreciation was $525,000. What would have been the company's net income if it would have been able to increase its interest expense increased by 20% and its depreciation increases by 20% and the tax rate remains 40 percent. Show every step of your calculations

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