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A firm has net sales of $ 7 , 2 5 0 , 0 0 0 , Cost of Goods Sold $ 4 , 0

A firm has net sales of $7,250,000, Cost of Goods Sold $4,000,000. Depreciation Expense of $300,000, Selling and Administrative Expenses of $1,250,000. Interest Expense of $500,000, and an average tax rate of 20%.
21 The firm's Net Income is
\table[[a.,500,000],[b.,640,000],[c.,960,000],[d,1,000,000
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