Meric Mining Inc. recently reported $14,700 of sales, $7,600 of operating costs other than depreciation, and $1,100 of depreciation. The company had no amortization charges, it had outstanding $6,700 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 30%. How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder

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