Question
McEwen Mining recently reported $130,000 of sales, $72,000 of operating costs other than depreciation, and $10,200 of depreciation. The company had $20,000 of outstanding
McEwen Mining recently reported $130,000 of sales, $72,000 of operating costs other than depreciation, and $10,200 of depreciation. The company had $20,000 of outstanding bonds that carry a 6% interest rate, and its tax rate was 35%. How much was the firm's net income? Your answer should be between 25334 and 36870, rounded to even dollars (although decimal places are okay), with no special characters.
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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