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FINC 7231 – A firm has EBIT of $786,900.00

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A firm has EBIT of $786,900.00. Assume that the firm will pay $258,600.00 in interest in the upcoming year. The firm has a corporate tax rate of 39.00%. The firm has 124,000.00 common shares outstanding. What is the net income for the firm? Answer Format: Currency: Round to: 2 decimal places.

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