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Rosewood Industries has EBIT of $450 million,interest expense of $175 million,and a corporate tax rate of 35%.
-Rosewood's net income is closest to:

Name: Use the information for the question(s)below. Rosewood Industries has EBIT of $450 million,interest expense of $175 million,and a corporate tax rate of 35%. -Rosewood's net income is closest to:
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B)Net income = (EBIT - Interest expense)(1 - τ_C) = (450 - 175)(1 - .35)= $178.75

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