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The Talley Corporation had a taxable income of $350,000 from operations after all operating costs but before (1) interest charges of $70,000, (2) dividends received of $10,500, (3) dividends paid of $28,000, and (4) income taxes. What are the firm's income tax liability and its after-tax income? Round your answers to two decimal places.

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Financial Management, Finance

Category:- Financial Management
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