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Shelton, Inc., has sales of $392,000, costs of $180,000, depreciation expense of $45,000, interest expense of $26,000, and a tax rate of 35 percent. (Do

Shelton, Inc., has sales of $392,000, costs of $180,000, depreciation expense of $45,000, interest expense of $26,000, and a tax rate of 35 percent. (Do not round intermediate calculations.)

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