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Assume a firm has the following characteristics: Sales = $20,000; tax rate is 40%; Net income = $7,520; Depreciation = $1,900; Interest expense = $900.

Assume a firm has the following characteristics: Sales = $20,000; tax rate is 40%; Net income = $7,520; Depreciation = $1,900; Interest expense = $900. What is the amount of costs (not including depreciation)?

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