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Firm ABC had operating profits of $100,000, a 25% tax rate, interest expense of $22,000, and preferred dividends of $6,000. What was the firm's net

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Firm ABC had operating profits of $100,000, a 25% tax rate, interest expense of $22,000, and preferred dividends of $6,000. What was the firm's net profit available to common shareholders? $52,500 $58,500 $48,000 $59,200

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