Question: Circuit Board Systems (CBS) has the following data: Assets: $$ 100,000$; Profit margin: $6.0 %$; Tax rate: $4.0 %$; Debt ratio: $40.0 %$; Interest rate:

Circuit Board Systems (CBS) has the following data: Assets: $\$ 100,000$; Profit margin: $6.0 \%$; Tax rate: $4.0 \%$; Debt ratio: $40.0 \%$; Interest rate: 8.0\%: Total assets turnover: 3.0. What is CBS's EBIT?

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