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What is the effective corporate tax rate when the value of the tax credit for each dollar of investment is $0.25, the tax rate on
What is the effective corporate tax rate when the value of the tax credit for each dollar of investment is $0.25, the tax rate on earnings minus labor is 35%, and the present discounted value of a $1 investment is $0.50?
a.10%b.-10%c.-11.53%d.88.46%
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