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Company MM reports earnings before interest, taxes, depreciation, and amortization (EBITDA) of $500,000, depreciation expense of $100,000, and interest expense of $50,000. Calculate the company's

Company MM reports earnings before interest, taxes, depreciation, and amortization (EBITDA) of $500,000, depreciation expense of $100,000, and interest expense of $50,000. Calculate the company's net income and discuss the limitations of using EBITDA as a measure of profitability.

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