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Business, 05.05.2020 17:42 GhostFace18595

GMC is considering launching a new line of hybrid diesel-electric SUVs. The heavy advertising expenses associated with the new SUV launch would generate operating losses of $30 million next year. Without the new SUV, GMC expects to earn pre-tax income of $80 million from operations next year. GMC pays a 30% tax rate on its pre-tax income.
Required:
1. The amount that GMC owes in taxes next year with the launch of the new SUV is closest to .

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GMC is considering launching a new line of hybrid diesel-electric SUVs. The heavy advertising expens...
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