Menomonie Casino Company earned $23,458,933 before interest and taxes for the fiscal year ending March 31, 2013.

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Menomonie Casino Company earned $23,458,933 before interest and taxes for the fiscal year ending March 31, 2013. If the casino had interest expenses of $1,645,123, calculate its tax burden using Exhibit 3.6. What are the marginal and the average tax rates for this company?

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Essentials of Corporate Finance

ISBN: 978-1118868416

1st edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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