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Haricot Corporation and Pinto Corporation both have operating profits of $ 1 3 0 million. Haricot is financed solely by equity, while Pinto has issued
Haricot Corporation and Pinto Corporation both have operating profits of $ million. Haricot is financed solely by equity, while Pinto has issued $ million of debt. If the corporate tax rate is :Required:How much tax does each company pay?What is the total payout to investors debtholders plus shareholders of each company?
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