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The Smith Corporation has operating income ( EBIT ) of $ 7 5 0 , 0 0 0 . Smith Corp is 1 0 0

The Smith Corporation has operating income (EBIT) of $750,000. Smith Corp is 100 percent equity financed, and it faces a 40% tax rate. Assume that the firm has no amortization expense. The companys earnings before taxes (EBT) are ....., and its net income is .......

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