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Assume that the marginal tax rate of the corporation in Problem 5 is 15 percent from 20 X1 - 20 X5 and 34 percent from

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Assume that the marginal tax rate of the corporation in Problem 5 is 15 percent from 20 X1 - 20 X5 and 34 percent from 20 X7 - 20 X9. Compute the total tax savings generated from the NOL assuming that the corporation does not forego the carry back period, and the corporation, to forego the carry back period. For purposes of this calculation, assume that any remaining NOL carryover is utilized in 20 X9. Assume that the marginal tax rate of the corporation in Problem 5 is 15 percent from 20 X1 - 20 X5 and 34 percent from 20 X7 - 20 X9. Compute the total tax savings generated from the NOL assuming that the corporation does not forego the carry back period, and the corporation, to forego the carry back period. For purposes of this calculation, assume that any remaining NOL carryover is utilized in 20 X9

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