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4. 5pt - XYZ corporation has the following cash flows: Operating income $250,000 Interest received S 10,000 Interest paid $45.000 Dividends recened $ 20.000 Dividends

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4. 5pt - XYZ corporation has the following cash flows: Operating income $250,000 Interest received S 10,000 Interest paid $45.000 Dividends recened $ 20.000 Dividends paid S 50.000 If the applicable income tax rate is 25% (federal and state combined), and if 70% of dividends received are exempt from taxes, what is the corporation's tax liability? (answer to nearest cents)

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