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Explanation of the answer please. 69. A company, subject to a 40% tax rate, desires to earn $500,000 of after-tax income. Howmuch should the firm

Explanation of the answer please.

69. A company, subject to a 40% tax rate, desires to earn $500,000 of after-tax income. Howmuch should the firm add to fixed costs when figuring the sales revenues necessary toproduce this income level?A.$200,000.B.$300,000.C.$500,000.D.$833,333.E.$1,250,000.

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833,333

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