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Question
Apex Industries expects to earn $25 million in operating profit next year. The company pays an operating tax rate of 30 percent. If the value of leased asset is $125 and the cost of debt is 10 percent, what is the approximate after-tax operating profit, adjusted for capitalized operating leases?
a) $24
b) $25
c) $26
d) $27
Answer
This answer is hidden. It contains 112 characters.
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