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In its third year, a project is expected to generate earnings before interest, taxes, depreciation, and amortization of $123,474 and its depreciation and amortization expense
In its third year, a project is expected to generate earnings before interest, taxes, depreciation, and amortization of $123,474 and its depreciation and amortization expense is expected to be $47,292. If the companys tax rate is 38%, what is the projects expected net operating profit after taxes?
A) $55,814
B) $76,554
C) $61,023
D) $98,362
E) $87,132
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