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Baker Industries’ net income is $23000, its interest expense is $4000, and its tax rate is...

Baker Industries’ net income is $23000, its interest expense is $4000, and its tax rate is 35%. Its notes payable equals $26000, long-term debt equals $80000, and common equity equals $250000. The firm finances with only debt and common equity, so it has no preferred stock. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.

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