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Your firm has annual sales of $279,000,depreciation of $34,000, costs of goods sold of $158,000, and interest expenseof $28,000. The average tax rate is 25%.

Your firm has annual sales of $279,000,depreciation of $34,000, costs of goods sold of $158,000, and interest expenseof $28,000. The average tax rate is 25%. What is the net income for the year?

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