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Is this correct? A corporation has $10,000,000 of 10 percent preferred stock outstanding and a 21 percent tax rate. The amount of earnings before interest

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A corporation has $10,000,000 of 10 percent preferred stock outstanding and a 21 percent tax rate. The amount of earnings before interest and taxes (EBIT) required to pay the preferred dividends is $1,265,823 $790,000 $210,000 $1,000,000

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