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Griffin's Goat Farm, Incorporated, has sales of $ 5 5 4 , 0 0 0 , costs of $ 2 4 5 , 0 0

Griffin's Goat Farm, Incorporated, has sales of $554,000, costs of $245,000, depreciation expense of $51,000, interest expense of $19,000, and a tax rate of 25 percent. What is the net income for this firm?
Multiple Choice
$179,250
$100,500
$230,250
$249,250
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