Liquid Metals recently reported $200,000 of sales, $60,000 cost of goods sold, and $35,000 of depreciation and amortization. It has outstanding $400,000 of bonds that carry a 6.3% interest rate, and its federal-plus-state income tax rate was 40%. What was the firm's operating income, or EBIT? a. $110.000 b. $100.000 c. $105,000 d. $95,000 e. $115.000

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