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5 points 10. Gerona Company has $32,000,000 of sales, $17,500,000 of operating costs (excluding depreciation), and $5,000,000 of depreciation. It has $9,000,000 of bonds outstanding

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5 points 10. Gerona Company has $32,000,000 of sales, $17,500,000 of operating costs (excluding depreciation), and $5,000,000 of depreciation. It has $9,000,000 of bonds outstanding that carry a 6% interest rate, and its federal-plus- state income tax rate is 40%. What is the amount of the company's operating income? * $3,797,840 O $5,376,000 $9,500,000

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