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Griffin's Goat Farm, Incorporated, has sales of $ 7 2 4 , 0 0 0 , costs of $ 3 2 5 , 0 0

Griffin's Goat Farm, Incorporated, has sales of $724,000, costs of $325,000, depreciation expense of $46,000, interest expense of $28,000, and a tax rate of 24 percent. What is the net income for this firm?
Multiple Choice
$247,000
$275,000
$293,000
$321,000
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