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Florida Citrus Inc. (FCI) estimates its taxable income at $5,500,000. The company is considering expanding its product line by introducing a low-calorie sport drink for
"Florida Citrus Inc. (FCI) estimates its taxable income at $5,500,000. The company is considering expanding its product line by introducing a low-calorie sport drink for next year. It expects that the additional taxable income next year from this sport drink will be $2,400,000. Use the Corporate Tax Schedule, Table 9.12, to compute the difference in the after-tax net income between producing the low-calorie sport drink and not producing the low-calorie sport drink. Enter your answer as a positive number."
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