Lecture 2 Supplement - $7,200,000 $5,600,000 Less: Income...

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Alternative 1 Alternative 2 Income Before interest and taxes $8,000,000 $8,000,000 Less: Interest Expense ($800,000) ($2,400,000) Income Before taxes
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Unformatted text preview: $7,200,000 $5,600,000 Less: Income tax expense (40%) ($2,880,000) ($2,240,000) Net Income $4,320,000 $3,360,000...
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This note was uploaded on 05/04/2008 for the course ACCT 3320 taught by Professor Frankzhang during the Summer '06 term at University of Texas at Dallas, Richardson.

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