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  3. . if the company assumes a 34% before-tax cost of

. If the company assumes a 34% before-tax cost of equity capital, what is the...

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Question

Accounting

. If the company assumes a 34% before-tax cost of equity capital, what is the amount of before-tax residual income?

A. $464,667

B. $396,667

C. $124,667

D. $76,667

E. $348,667

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