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Lintner Beverage Corp. reported the following information from their financial statements: Operating income (EBIT) = Interest payments on long-term debt = Dividend income = Corporate
Lintner Beverage Corp. reported the following information from their financial statements: Operating income (EBIT) = Interest payments on long-term debt = Dividend income = Corporate tax rate = $9,000,000 $1,750,000 $1,000,000 25% ( Assume a 50% dividend exclusion for tax on dividends. What is the firm's total tax liability? Round to the nearest dollar.
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