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ZZZ Inc. has operating revenues of 100 and its operating expenses (excluding tax expense) equal 80. ZZZ has tax expense of five. ZZZ has financial
ZZZ Inc. has operating revenues of 100 and its operating expenses (excluding tax expense) equal 80. ZZZ has tax expense of five. ZZZ has financial expense of two and financial income of seven (i.e., its net financial expense before tax is negative five). The tax rate is 20 percent. ABCs net operating profit after tax is:
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