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Suppose a firm's tax rate is 35%. a. What effect would a $10.24 million operating expense have on this year's earnings? What effect would it

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Suppose a firm's tax rate is 35%. a. What effect would a $10.24 million operating expense have on this year's earnings? What effect would it have on next year's earnings? b. What effect would an $11.35 million capital expense have on this year's earnings if the capital is depreciated at a rate of $2.27 million per year for five years? What effect would it have on next year's earnings

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