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5. Edge Brothers recently reported a net income of $385,000. The tax rate is 40% and the interest expense was $200,000. What would have been
5. Edge Brothers recently reported a net income of $385,000. The tax rate is 40% and the interest expense was $200,000. What would have been the companys net income if the operating income (EBIT) doubled, assuming that the companys tax rate and interest expense remain unchanged?
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