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Assume that Western Exploration Corporation is considering the acquisition of Ogden Drilling Company. The latter has a $540,000 ta loss carryforward. Projected earnings for the

image text in transcribed Assume that Western Exploration Corporation is considering the acquisition of Ogden Drilling Company. The latter has a $540,000 ta loss carryforward. Projected earnings for the Western Exploration Corporation are as follows: a. How much will the total taxes of Western Exploration Corporation be reduced as a result of the tax loss carryforward? Note: Do not round intermediate calculations and round your answer to the nearest whole dollar. b. How much will the total income available to stockholders be for the three years if the acquisition occurs? Note: Do not round intermediate calculations and round your answers to the nearest whole dollar

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