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ABC Firm recently reported the following financial information on its income statement: $252,300 of sales, $138,250 of operating costs other than depreciation, and $16,050 of

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ABC Firm recently reported the following financial information on its income statement: $252,300 of sales, $138,250 of operating costs other than depreciation, and $16,050 of depreciation. It had $90,000 of bonds outstanding with 6.0% interest rate. Given that federal-plus-state income tax rate was 25%, what was the firm's earnings before Interests and taxes (EBIT)? O $92,600 O $98,000 O $69.450 O $103,400

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