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Unformatted text preview: 70.00 Points Missed 30.00 Percentage 70.0% 1. SCENARIO 3-3 Laiho Industries reported the following information in its annual report: • Net income = $7.0 million. • NOPAT = $60 million. • EBITDA = $120 million. • Net profit margin = 5.0%. Laiho has a depreciation expense, but no amortization expense. Laiho has $300 million in operating capital, its after-tax cost of capital is 10%, and the firm's tax rate is 40%. What is Laiho's depreciation expense? A) $20.0 million B) $77.1 million C) $30.0 million D) $60.0 million E) $53.0 million...
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This note was uploaded on 11/04/2009 for the course BUS FIN 2100 taught by Professor Shmidl during the Spring '09 term at Laramie County Community College.
- Spring '09