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Assume the Coca Cola Company reports the following footnote in its 10K The company reports its inventories using the LIFO inventory costing method. Assume Coca

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Assume the Coca Cola Company reports the following footnote in its 10K The company reports its inventories using the LIFO inventory costing method. Assume Coca Cola (ticker KO) has a 35% income tax rate. For 2016, how much did KO save in taxes by choosing LIFO over FIFO method for costing inventory? (round to the nearest million)

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