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A corporation has $5,000,000 of 6 percent bonds and $9,600,000 of 5 percent preferred stock outstanding. The firm's financial breakeven (assuming a 21 percent tax

A corporation has $5,000,000 of 6 percent bonds and $9,600,000 of 5 percent preferred stock outstanding. The firm's financial breakeven (assuming a 21 percent tax rate) is

a.$637,595

b.$907,595

c.$780,000

d.$1,387,595

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