7-79. Suppose for some year the income of a small company is $110,000; the expenses are $65,000;...

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7-79. Suppose for some year the income of a small company is $110,000; the expenses are $65,000; the depreciation is $25,000; and the effective income tax rate = 40%. For this year, the ATCF is most nearly

(a) −$8,900

(b) $4,700

(c) $13,200

(d) $29,700

(e) $37,000

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