What is its net income, Lucy, Inc. has operating income

What is its net income

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Reference no: EM131972139

Lucy, Inc. has operating income (EBIT) of $2, 500,000. The company's depreciation expense is $550,000, its interest expense is $110.000, and its income tax rate is 45%.

Assume the firm has no amortization expense. What is its net income?

Reference no: EM131972139

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