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Q27 A major corporation has revenue of $1,500,000, operating expenses excluding depreciation of $500,000, and paid a $200,000 as a dividend. The company's depreciation is
Q27
A major corporation has revenue of $1,500,000, operating expenses excluding depreciation of $500,000, and paid a $200,000 as a dividend. The company's depreciation is $200,000. The corporation is 100% equity financed, and it faces a 26% tax rate. What is the firm's net incomeStep by Step Solution
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