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The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin Freightways should have recorded ( $ in millions): Multiple Choice

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The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin Freightways should have recorded ( $ in millions): Multiple Choice Tax payable of $4875 Tax benefit of $10 due to the NOL. Tax payable of $22.5 Tax poyable of $40

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