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Brandt-Leland has the following cash flows: Operating income $455,000 Interest paid 75,000 Interest received 35,000 Dividends paid 20,000 Dividends received 40,000 Using a tax rate

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Brandt-Leland has the following cash flows: Operating income $455,000 Interest paid 75,000 Interest received 35,000 Dividends paid 20,000 Dividends received 40,000 Using a tax rate of 25%, what is Brandt-Leland's taxable income, income tax liability and after-tax income (NI)? $435,000 $108,750 $346,250 $435,000 $108,750 $344,250 O $428,000 $107.000 $344,000 $435,500 $107.000 $346,250 None of these choices

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