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A firm recently reported $1,625,000 of sales, $891,800 of operating costs other than depreciation, and $124,800 of depreciation. The company had $100,000 of outstanding long
A firm recently reported $1,625,000 of sales, $891,800 of operating costs other than depreciation, and $124,800 of depreciation. The company had $100,000 of outstanding long term bonds with a 5% interest rate and an additional $50,000 long term bonds with an interest rate of 8%. The firms tax rate was 25%. How much was the firm's after tax net income
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