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Need help asap please 8-21 (similar to) Question Help * In September 2008 law restricted the ability of Fargo Bank is expected to generate taxable

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8-21 (similar to) Question Help * In September 2008 law restricted the ability of Fargo Bank is expected to generate taxable income of S8 billion per year in the future, and its tax rate is 30%, what is the present value of these acquired tax loss , the IRS changed tax laws to allow banks to utilize the tax loss carryforwards of banks they acquire to shield their future income from taxes (prio to use these credits). Suppose Fargo Bank acquires Covia Bank and with it acquires $87 billion in tax loss carryforwards. If The present value of these acquired tax loss carryforwards is billion. (Round to two decimal places.)

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