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#7: Extreme Brewing Inc. has $1,000,000 of earnings before interest and taxes at the year end. Interest expenses for the year were $250,000. The firm

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#7: Extreme Brewing Inc. has $1,000,000 of earnings before interest and taxes at the year end. Interest expenses for the year were $250,000. The firm expects to distribute $300,000 in dividends. Calculate net income for the firm assuming a 30 percent tax rate

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