What is the company net income

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The Galaxy Corporation had operating income (EBIT) of $500,000. The company's depreciation expense is $100,000. Moore is 100% equity financed, and it faces a 40% tax rate.

  1. What is the company's net income?
  2. Assuming no changes to any of the Balance Sheet accounts, what is its net cash flow?

Reference no: EM132443245

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