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Assume that it is at the end of 2016. You are given the income statement and balance sheet for 2016 as well as projected ones

Assume that it is at the end of 2016. You are given the income statement and balance sheet for 2016 as well as projected ones for 2017 and 2018.

Please help with the above problems and show all work by hand step by step. No excel usage please.

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6) Income tax in 2018 is:

7) Tax rate in 2017 is (answer in percentage):

8) Tax rate in 2018 is (answer in percentage):

9) NOPLAT in 2017 is:

10) NOPLAT in 2018 is:

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