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A stationery company plans to launch a new type of indelible ink pen. Advertising for the new product will be heavy and will cost the

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A stationery company plans to launch a new type of indelible ink pen. Advertising for the new product will be heavy and will cost the company $9 million, although the company expects general revenues of $280 million next year from sources other than sales of the new pen. If the company has a corporate tax-rate of 30% on its pretax income, what effect will the advertising for the new pen have on its taxes? O A. Increase taxes by $2.70 million OB. Increase taxes by $9 million O c. It will have no effect on taxes. OD. Reduce taxes by $2.70 million

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