Question: Question 5 (1 point) Meric Mining Inc. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciation. The company

Question 5 (1 point) Meric Mining Inc. recently reported $15,000 of

Question 5 (1 point) Meric Mining Inc. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciation. The company had no amortization charges, it had outstanding $6,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 35%. How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes. $3,830.94 $3,284.55 $3,639.39 $3,457.42 $4,022.48 Save

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