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Abc has ebit of 571000 interest expenses of 263000 and


ABC has EBIT of $571,000, interest expenses of $263,000, and faces a corporate tax rate of 36%.

a. What is ABC's net income?

b. What would ABC's net income be if it didn't have any debt/no interest expense?

c. What are the firm's interest tax savings?

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Financial Management: Abc has ebit of 571000 interest expenses of 263000 and
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