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A hotel pays an income tax rate of 28% on its profits. The hotel seeks an after-tax profit of $40,000 per month. If the

A hotel pays an income tax rate of 28% on its profits. The hotel seeks an after-tax profit of $40,000 per month. If the hotel does achieve the desired monthly after tax profit, what is its annual amount of before-tax profit, to the nearest dollar? a. $666,667 O b. $55,556 Oc. $58,556 Od. $52,556

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