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Your pro forma income statement shows sales of $975,000, cost of goods sold as $503,000, depreciation expense of $99,000, and taxes of $93,250 due to

Your pro forma income statement shows sales of $975,000, cost of goods sold as $503,000, depreciation expense of $99,000, and taxes of $93,250 due to a tax rate of 25%.

What are your pro forma earnings (in dollars)?

What are your pro forma free cash flows?

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