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Business, 24.12.2019 18:31 stacywashburnstu

In 2011, a firm has receipts of $88 million and expenses (excluding depreciation) of $44 million. its depreciation for 2011 amounts to $22 million. if the effective income tax rate is 4040%, what is this firm's net operating income after taxes (nopat)?

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In 2011, a firm has receipts of $88 million and expenses (excluding depreciation) of $44 million. it...
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