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A firm has $3,000 million in Net sales and total operating costs (cost of goods sold and other operating expenses) was $2,622 million. Depreciation Expense

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A firm has $3,000 million in Net sales and total operating costs (cost of goods sold and other operating expenses) was $2,622 million. Depreciation Expense was $100 million. Interest Expense is $83 million and the firm has a tax rate of 25%. . Solve for the firm's EBIT ($278 million) ii. How much did the firm pay in taxes? ($48.8 million) iii. Solve for the firm's Net Income ($146.3 million)

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