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Assume that Javier Corporation has operating income of $17,500,000 and it receives $750,000 in interest income and $800,000 in dividend income. Assume that the firm
Assume that Javier Corporation has operating income of $17,500,000 and it receives $750,000 in interest income and $800,000 in dividend income. Assume that the firm pays a flat 40% income tax rate. What is the firm's income tax liability? Select one: a. none of the above b. $7,300,000 $7,396,000 O C. d. $7,620,000 The investment with the higher payback period is better. Select one: 0 True 0 False
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