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Epic Company earned net income of $1,042,000 this year. There were 480,000 weighted-average common shares outstanding, and preferred shareholders received a $34,000 cash dividend. Compute

Epic Company earned net income of $1,042,000 this year. There were 480,000 weighted-average common shares outstanding, and preferred shareholders received a $34,000 cash dividend. Compute Epic Companys basic earnings per share

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