Assume in part d of problem 10 that the firm had a sinking fund payment obligation of

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Assume in part d of problem 10 that the firm had a sinking fund payment obligation of $200. How much before-tax income is required to cover the sinking-fund obligation? Would lower tax rates increase or decrease the before-tax income required to cover the sinking fund?
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Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

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