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A major corporation has revenue of $1,500,000, operating expenses excluding depreciation of $500,000, and paid a $200,000 as a dividend. The company's depreciation is $100,000.
A major corporation has revenue of $1,500,000, operating expenses excluding depreciation of $500,000, and paid a $200,000 as a dividend. The company's depreciation is $100,000. The corporation is 100% equity financed and it faces a 23% tax rate. What is the company's net income
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