Question: a b and c please Problem 3.54 (LO 3-4) (Algo) Hyundai is considering opening a plant in two neighboring states. Option 1: One state has
Problem 3.54 (LO 3-4) (Algo) Hyundai is considering opening a plant in two neighboring states. Option 1: One state has a corporate tax rate of 10 percent. If operated in this state, the plant is expected to generate $1,335,000 pretax profit Option 2: The other state has a corporate tax rate of 2 percent. If operated in this state, the plant is expected to generate $1,280,000 of pretax profit. Required: a. What is the after-state-taxes profit in the state with the 10% tax rate? b. What is the after-state-taxes profit in the state with the 2% tax rate? c. Which state should Hyundal choose? Complete this question by entering your answers in the tabs below. What is the after-state-taxes profit in the state with the 10% tax rate
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