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QUESTION
Fraser Corporation has announced that its net income for the year ended June 30, 2013, was $1,353,412.
Fraser Corporation has announced that its net income for the year ended June 30, 2013, was $1,353,412. The company had EBITDA of $4,965,000, and its depreciation and amortization expense was equal to $1,138,000. The company's tax rate is 34 percent. What was its interest expense?
