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Your pro forma income statement shows sales of $977,000, cost of goods sold as $494,000, depreciation expense of $99,000, and taxes of $96,000 due to

Your pro forma income statement shows sales of

$977,000,

cost of goods sold as

$494,000,

depreciation expense of

$99,000,

and taxes of

$96,000

due to a tax rate of

25%.

What are your pro forma earnings? What is your pro forma free cash flow?

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