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Posted on Oct 05, 2020

Moose Industries has a corporate tax rate of 25%. Last year the company realized $14,000,000 in operating income (EBIT). Its annual interest expense is $1,500,000.

Moose Industries has a corporate tax rate of 25%.

Last year the company realized $14,000,000 in operating income (EBIT). Its annual interest expense is $1,500,000. What was the company's net income for the year?

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