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You are managing an unleveraged firm that pays corporate taxes on its net income (T = 0.4) but operates in an otherwise perfect capital market

You are managing an unleveraged firm that pays corporate taxes on its net income (T = 0.4) but operates in an otherwise perfect capital market environment. Your firm has a perpetual expected cash inflow each year () of $300, which can be larger or smaller, but is never less than $50 per year. What is your its expected after-tax net income?

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$160 per year

$100 per year

$180 per year

$170 per year

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