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Our widget-maker is going to spend 992 on new product development. Without this new spending, the widget-maker would have EBIT of 421. The widget-maker's

Our widget-maker is going to spend 992 on new product development. Without this new spending, the widget-maker would have EBIT of 421. The widget-maker's marginal tax rate is 31%. If the widget-maker forgoes the new product development, how much would he expect to pay in taxes?

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