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If costs go up by $1, how does that change affect cash flows if the tax rate is 40%? Group of answer choices Cash flows

If costs go up by $1, how does that change affect cash flows if the tax rate is 40%?

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Cash flows will go down by $1.

Cash flows will go down by $0.60.

Cash flows will go up by $0.60.

Cash flows will go down by $0.40

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