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A firm has sales of $12,000, costs of $6,500, interest expense of $500, depreciation of $1,100, and a tax rate of 34 percent. What is
A firm has sales of $12,000, costs of $6,500, interest expense of $500, depreciation of $1,100, and a tax rate of 34 percent. What is the firms earnings before interest and taxes (EBIT)?
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