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Assume that Clampett, Inc., has $290,000 of sales, $240,000 of cost of goods sold, $150,000 of interest income,

and $130,000 of dividends. What is Clampett, Inc.'s excess net passive income?

a. 0

b. 137,500

c. 187.500

d. 280,000

e. non of these above

Can you explain with equation?

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