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A firm's operating profit margin is 20% with an EBIT of $1

Finance

A firm's operating profit margin is 20% with an EBIT of $1.5 million and sales of $5 million. If it has no debt, how much did the firm pay in taxes?

A.

$50,000

B.

$300,000

C.

$350,000

D.

$500,000

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