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Last year, a company's gross income was $119,000, expenses (not including depreciation) were $25,000, and the depreciation allowance was $5,000. If federal income taxes are

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Last year, a company's gross income was $119,000, expenses (not including depreciation) were $25,000, and the depreciation allowance was $5,000. If federal income taxes are 21%, state income taxes are 6\%, and local income taxes are 1\%, what is the After Tax Cash Flow (ATCF) for that year? $89,000 $69,080 $64,080 $67,680 None of the above

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