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Business, 10.08.2021 01:00 db328

ABC Systems located in Alabama expects a 9% after-tax rate of return on an equipment investment. The state tax rate is 6%. If the company is in the 34% federal tax bracket, estimate the before-tax rate of return required HINT: Compute the combined tax rate FIRST, then back calculate the Before Tax ROR. Use page 419 for the relationships needed or use your notes

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