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Assume that Western Exploration Corporation is considering the acquisition of Ogden Drilling Company. The latter has a $ 5 9 0 , 0 0 0

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Assume that Western Exploration Corporation is considering the acquisition of Ogden Drilling Company. The latter has a $590,000 tax loss carryforward. Projected earnings for the Western Exploration Corporation are as follows:
\table[[,20x1,20x2,20x3,Total Values],[Before-tax income,$255,000,$280,000,$400,000,$935,000
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