8. Kaylor Equipment Rental reports revenue of $1,025,000 with costs of $357,000. Operating expense is 345,000 and depreciation is $121,000 and Interest expense is $118,000. The average tax rate is 40 percent. What is the net profit?

A.

$32,750

B.

$34,450

C.

$42,500

D.

$50,400

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