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General Electric Company reported a net income of $1 billion for the fiscal year ending December 31, 2023. During the same period, the company paid

General Electric Company reported a net income of $1 billion for the fiscal year ending December 31, 2023. During the same period, the company paid $250 million in income taxes. Calculate the following:

  1. General Electric Company's effective tax rate for the fiscal year.
  2. The after-tax net income attributable to common shareholders.
  3. The percentage of income taxes to net income.

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