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The Millennium Chemical Corporation announced that for the period ending December 31, 2015, it earned income after taxes of $2,768,028 on revenues of $13,144,680. The

The Millennium Chemical Corporation announced that for the period ending December 31, 2015, it earned income after taxes of $2,768,028 on revenues of $13,144,680. The companys costs (excluding depreciation and amortization) amounted to 61% of revenues, and Centennial had interest expenses of $392,168. What is the firms depreciation and amortization expense if its tax rate was 30 percent?

a.

$ 540,275

b.

$ 486,290

c.

$ 958,083

d.

$ 779,931

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