Recycled Paper Inc. had sales of $35,000 with COGS equal to 40% of sales. Recycled Paper also had total other operating expenses of $3,250, interest expense of $1,500, and is subject to a flat 40% of its pre-tax income in income taxes. What is Recycled Paper's net income? O $8,250 $6,750 $9,750 0 $9,140

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