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Unformatted text preview: Gross profit $(240,000) Payroll $50,000 Payroll $50,000 Advertising $75,000 Advertising $75,000 Rent $20,000 Rent $20,000 Tax rate 30.00% Pretax income $(385,000) Average number of Est. income tax expense $(115,500) shares outstanding 200,000 Marginal net income $(269,500) Marginal earnings per share (EPS) $(1.35)...
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