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Firm A uses carryforwards optimally with a statutory corporate tax rate of 20% where losses can be carried forward 3 years without carryback. Taxable income

Firm A uses carryforwards optimally with a statutory corporate tax rate of 20% where losses can be carried forward 3 years without carryback.

Taxable income stream:

Year0: -25,000

Year1: 10,000

Year2: 10,000

Year3: 10,000

Year4: 10,000

Company A's after-tax income in year 3 is?

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