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At end of 2017, KIA had annual net profit of $1,500,000 from automobile sales and paid corporate tax of 40% and interest expenses $250,000. Therefore,
At end of 2017, KIA had annual net profit of $1,500,000 from automobile sales and paid corporate tax of 40% and interest expenses $250,000. Therefore, the Earnings Before Interest and Tax (EBIT) will be:
a.
$2,250,000
b.
$2,500,000
c.
$3,000,000
d.
$2,750,000
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