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1.) Consider the purchase of an NFL team (organized as an Scorp) in 1993 for $575M. Refer to the table of revenue, expenses, and other

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1.) Consider the purchase of an NFL team (organized as an Scorp) in 1993 for $575M. Refer to the table of revenue, expenses, and other income information below: Year 1993 67M Revenues $95M Expenses $90M Other income s a.) Ignoring the other income, what is the team's final net income for tax purposes in 1993? Given a tax rate of 30%, what will they pay in taxes (in 1993)? b.) Now, considering the other income and using the straight line depreciation method, what is the total value of the NFL team to the owner in 1993? Again, tax rate= 30%

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