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7. You are in charge of project management at Haslett Hotels, Inc. You have been asked to evaluate the profitability of building a new
7. You are in charge of project management at Haslett Hotels, Inc. You have been asked to evaluate the profitability of building a new hotel in the greater Dewitt metropolitan area. Your accounting department has informed you that the company's average tax rate is 36%, and the company's income level puts it ion the 34% corporate tax bracket (and all profits generated by the new hotel would fit into that bracket). For the purposes of determining whether or not to build the new hotel, which tax rate should you use? A. B. 340/6
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