Question 8 (1 point) A firm has net sales of $32,000,000, Cost of Goods Sold $14,500,000, Depreciation Expense of $2,500,000, Selling and Administrative Expenses of $4,000,000, Interest Expense of $2,000,000, and an average tax rate of 20%. The firms Gross Margin is 22.5% 32.1% 34.4% 54.7%