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Brandt-Leland has the following cash flows: Operating income $475,000 Interest paid 79,000 Interest received 38,000 Dividends paid 42,000 Dividends received 47,000 Using a tax rate
Brandt-Leland has the following cash flows: Operating income $475,000 Interest paid 79,000 Interest received 38,000 Dividends paid 42,000 Dividends received 47,000 Using a tax rate of 25%, what is Brandt-Leland's taxable income, income tax liability and after-tax income (NI)? $457,500 $114,375 $366,625 $457,500 $114,375 $348,875 $456,500 $114,125 $366,625 $454,000 $113,500 $359,500 None of these choices
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