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Rao contruction recently reported 17,500 in sales, 8,250 of operating costs other than depreciation and $2,000 of depreciation. It has $9000 of bonds outstanding that
Rao contruction recently reported 17,500 in sales, 8,250 of operating costs other than depreciation and $2,000 of depreciation. It has $9000 of bonds outstanding that carry an interest rate of 8%. It has a 40% tax rate. How much is the firms taxable income or earnings before taxes (EBT)??
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