The Fitness Studio, Inc.’s, 2012 income statement lists the following income and expenses: EBIT = $782,000, interest expense = $270,000, and taxes = $179,200. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. Ca

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The Fitness Studio, Inc.’s, 2012 income statement lists the following income and expenses: EBIT = $782,000, interest expense = $270,000, and taxes = $179,200. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. Ca

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