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A company has the following financial information - Earnings per Share (EPS) = $3 # of shares outstanding= 50,000 Operating Profit (OP)= 12% Debt =

A company has the following financial information -

Earnings per Share (EPS) = $3

# of shares outstanding= 50,000

Operating Profit (OP)= 12%

Debt = $300,000

Interest Rate on Debt= 7%

Tax Rate= 25%

What is the annual sales of the company?

A) $10,000

B) $1,381,250

C) $1,971,876

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