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A new business project in its first year is expected to have sales of $200,000, variable costs of $125,000, fixed costs of $17,430, and depreciation

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A new business project in its first year is expected to have sales of $200,000, variable costs of $125,000, fixed costs of $17,430, and depreciation or $30,000. What are expected EBIT and Net Income if the tax rate expected is 21 percent? O EBIT $27,570, Net income, $21,780 O EBIT $27,570; Net Income $5,790 O EBIT $21,780: Net income $27,570 O EBIT $5,790; Not income $21,780

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