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
Correct Answer:
Verified
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