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A firm reports earnings before interest and tax (EBIT) of $80 million and net income of $32.0 million. If the firm paid $40 million in
A firm reports earnings before interest and tax (EBIT) of $80 million and net income of $32.0 million. If the firm paid $40 million in debt interest, what must the corporate tax rate be?
| a. | 10% | |
| b. | 15% | |
| c. | 25% | |
| d. | 20% | |
| e. | 30% |
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Money Locates You
Authors: Joan Ekobena
1st Edition
1774821257, 978-1774821251
