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Scorch & Burn Fire Extinguishers, Inc. had an operating income (EBIT) of $260,000 last year. The firm had $18000 in depreciation expenses, $15000 in interest
Scorch & Burn Fire Extinguishers, Inc. had an operating income (EBIT) of $260,000 last year. The firm had $18000 in depreciation expenses, $15000 in interest expenses and $60000 in selling, general, and administrative expenses. If Scorch & Burn has a marginal tax rate of 40%, was its after-tax cash flow for last year? a. 165000 b.129000 c.174000 d.147000
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