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Last year the sales at a corporation were $411,000 and were all cash sales. The expense at Summit were $255,500 and were all cash expenses.

Last year the sales at a corporation were $411,000 and were all cash sales. The expense at Summit were $255,500 and were all cash expenses. The tax rate was 30%. The after-tax net cash inflow at Summit last year was:

$155,500

$46,650

$108, 850

$411,000

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