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You are the budget director for Mordor. You have been working with the tax assessor...

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Accounting

You are the budget director for Mordor. You have been working with the tax assessor to determine the appropriate tax rate for all the real estate in Mordor. Your total expenditures are projected to be $4B and you expect income from other sources to be $1B. The total value of real estate is $35B and exemptions total $5B. What is the appropriate tax real estate tax rate?

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