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6.) GrahamCorp, Inc., has sales of $953,000, costs of $400,000, depreciation expense of $86,000, interest expense of $42,500, and a tax rate of 35 percent.

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6.) GrahamCorp, Inc., has sales of $953,000, costs of $400,000, depreciation expense of $86,000, interest expense of $42,500, and a tax rate of 35 percent. What is the net income for the firm? Suppose the company paid out $67,000 in cash dividends. What is the addition to retained earnings

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