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Mr. Pauper and Mrs. Queen are equal shareholders in Corporation PQ. Both shareholders have a 37 percent marginal tax rate. PQ's financial records show the

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Mr. Pauper and Mrs. Queen are equal shareholders in Corporation PQ. Both shareholders have a 37 percent marginal tax rate. PQ's financial records show the following: Required: a. Compute the combined tax cost for PQ, Mr. Pauper. and Mrs. Queen. b. How would your computation change if the interest on the shareholder debt was $162.000 and PQ paid no dividends

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