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A corporation has sales of $ 6 1 0 , 0 0 0 and costs of $ 4 8 0 , 0 0 0 .

A corporation has sales of $610,000 and costs of $480,000. Interest expense is $40,000, dividends paid is $37,000, and depreciation is $60,000. The tax rate is 21 percent and there are 8,500 shares of stock outstanding. What is the earnings per share?
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$2.79
$3.53
$4.28
$2.67
$1.99

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