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Adelaide Winery Inc. had a net income before taxes of $300,000 and sales of $1,500,000 in 2022. If it is in the 30% tax bracket,
Adelaide Winery Inc. had a net income before taxes of $300,000 and sales of $1,500,000 in 2022. If it is in the 30% tax bracket, calculate its after-tax profit margin. [Show detailed calculation with a formula to get proper credit]
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