Question
The before-tax MARR for a particular firm is 25% per year. The state income tax rate is 3%, and the federal income tax rate is
The before-tax MARR for a particular firm is 25% per year. The state income tax rate is 3%, and the federal income tax rate is 34%. State income taxes are deductible from federal taxable income. What is this firm's after-tax MARR? (Enter your answer as a percent without the percent sign.)
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Value And Capital Management A Handbook For The Finance And Risk Functions Of Financial Institutions
Authors: Thomas C. Wilson
1st Edition
1118774639, 978-1118774632
