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if Julius has a 32 percent tax rate and a 12 percent after-tax rate of return, a $42,000 tax deduction in two years will save

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if Julius has a 32 percent tax rate and a 12 percent after-tax rate of return, a $42,000 tax deduction in two years will save how much tax in today's dollars? Use Exhibit 31 (Round discount factor(s) to three decimal places.)

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