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03-06-2023
Business

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Portland Inc. recently reported an EBITDA of $7,000,000 and net income of $1,800,000. It has $2,000,000 of interest expense, and its corporate tax rate was 25%. What was its charge for depreciation and amortization? (Hint: work the income statement from bottom up) a. $3,400,000. b. $2,700,000 c. $3,000,000 d. $2,600,000

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