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Bell Inc.'s tax rate was 25% last year. Last year, the company realized $1,500,000 in operating income (EBIT). Its annual interest expense is $1,000,000 .
Bell Inc.'s tax rate was
25%
last year. Last year, the company realized
$1,500,000
in operating income (EBIT). Its annual interest expense is
$1,000,000
. What was the company's net income for the year?\
$900,000
\
$750,000
\
$588,300
\
$1,028,250
\
$375,000
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