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Feliciano, Inc., has sales of $550,000, costs of $425,000, depreciation expense of $71,000, interest expense of $35,00, a tax rate of 21 percent, and paid

Feliciano, Inc., has sales of $550,000, costs of $425,000, depreciation expense of $71,000, interest expense of $35,00, a tax rate of 21 percent, and paid out $10,000 in cash dividends. The firm has ...

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