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E:2 Assume a firm has earnings before depreciation and taxes of $470,000 and depreciation of $170,000. a. If it is in a 35 percent tax

E:2

Assume a firm has earnings before depreciation and taxes of $470,000 and depreciation of $170,000.

a.If it is in a 35 percent tax bracket,compute its cash flow.

Cash flow$

b.If it is in a 20 percent tax bracket, computeits cash flow.

Cash flow$

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