Question: detailed anwser please. please do not copy and paste previously answered question. thank you. 54. Hyundai is considering opening a plant in two neighboring states.

detailed anwser please. please do not copy and paste previously answered question. thank you.
detailed anwser please. please do not copy and paste previously answered question.

54. Hyundai is considering opening a plant in two neighboring states. One state has a corporate tax rate of 10 percent. If operated in this state, the plant is expected to generate $1,000,000 pretax profit. The other state has a corporate tax rate of 2 percent. If operated in this state, the plant is expected to generate $930,000 of pretax profit. Which state should Hyundai choose? Why do you think the plant in the state with a lower tax rate would produce a lower before-tax income

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