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Kaylor Equipment Rental paid $135 in dividends and $746 in interest expense. The addition to retained earnings is $506 and net new equity is $700.
Kaylor Equipment Rental paid $135 in dividends and $746 in interest expense. The addition to retained earnings is $506 and net new equity is $700. The tax rate is 21 percent. Sales are $11900 and depreciation is $760. What are the earnings before interest and taxes?
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