A company has the following value on their annual tax return. Cash flows Sales revenues, $...
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A company has the following value on their annual tax return. Cash flows Sales revenues, $ Interest revenues, $ Expenses, $ Depreciation, $ Company 1,500,000 31,000 -754,000 148,000 Calculate the net income. Calculate the federal income tax for the year. Estimate the effective rate (Te) of 34% federal tax and 6% state tax. Estimate the ATCF of that year. Bring this ATCF that is 3 years into the future to the present. A company has the following value on their annual tax return. Cash flows Sales revenues, $ Interest revenues, $ Expenses, $ Depreciation, $ Company 1,500,000 31,000 -754,000 148,000 Calculate the net income. Calculate the federal income tax for the year. Estimate the effective rate (Te) of 34% federal tax and 6% state tax. Estimate the ATCF of that year. Bring this ATCF that is 3 years into the future to the present.
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