Question: QUESTION 03- 12.5 MARKS Easy Launch Box recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had

QUESTION 03- 12.5 MARKS Easy Launch Box recently reported $15,500 of

QUESTION 03- 12.5 MARKS Easy Launch Box recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's Operating Income (earnings before interest and taxes - EBIT)

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