If Jullus has a 32 percent tax rate and a 10 percent after-tax rate of return,...

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If Jullus has a 32 percent tax rate and a 10 percent after-tax rate of return, a $16,000 tax deduction in two years will save how much tax in today's dollars? Use Exhibit 3.1. Note: Round discount factor(s) to three decimal places. Multiple Choice $16,000 $4,229 $13,216 $5,120 None of the choices are correct. If Jullus has a 32 percent tax rate and a 10 percent after-tax rate of return, a $16,000 tax deduction in two years will save how much tax in today's dollars? Use Exhibit 3.1. Note: Round discount factor(s) to three decimal places. Multiple Choice $16,000 $4,229 $13,216 $5,120 None of the choices are correct.