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Using the numbers below, what is the EBIT? Show work to producing answer. Sales = $60 X 1500 Labor = $15 Material = $5 Rent

Using the numbers below, what is the EBIT? Show work to producing answer. Sales = $60 X 1500 Labor = $15 Material = $5 Rent = $15,000 Utilities = 5,000 Equipment = $75,000 SL/5yrs No salvage value Tax rate = 30% Discount Rate = 15%

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