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6. What is your corporation's tax liability if it has the following cash flows, assuming a marginal tax rate of 40% on all income? (Note:

6. What is your corporation's tax liability if it has the following cash flows, assuming a marginal tax rate of 40% on all income? (Note: No need to use Tax Table for this problem, but simply assume a tax rate of 40%)

Operating income $200,000

Interest received 20,000

Interest paid 50,000

Dividends received 70,000

Dividends paid 30,000

a. $76,400

b. 80,000

c. 83,600

d. 92,000

e. None of the above

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