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DO NOT SAY Tax rate applicable to company is used to calculate the cash flows.However if the cash flows are calculated for the future years
DO NOT SAY "Tax rate applicable to company is used to calculate the cash flows.However if the cash flows are calculated for the future years then we should use the tax rate applicable for those years."
9 (5 points) What tax rate do we use to derive the cash flows? WhyStep by Step Solution
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