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Question 19 Apex Industries expects to earn $25 million in operating profit next year. The company pays an operating tax rate of 30 percent. If

Question 19

Apex Industries expects to earn $25 million in operating profit next year. The company pays an operating tax rate of 30 percent. If the value of leased asset is $125 and the cost of debt is 10 percent, what is the approximate after-tax operating profit, adjusted for capitalized operating leases?

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