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Problem 3-54 (LO 3-4) Hyundai is considering opening a plant in two neighboring states. Option...

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Accounting

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Problem 3-54 (LO 3-4) Hyundai is considering opening a plant in two neighboring states. Option 1: O generate $1,310,000 pretax profit. ne state has a corporate tax rate of 10 percent. If operated in this state, the plant is expected to rate tax rate of 2 percent. If operated in this state, the plant is Option 2: The other state has a corpo expected to generate $1,260,000 of pretax profit a. What is the after state taxes profit in the state with the 10% tax rate? s b. what is the after state taxes profit in the state with the 2% tax rate? Saved WOrk After state taxes profit b, what is the after state taxes profit in the state with the 2% tax rate? After state taxes profit c. Which state should Hyundai choose? Option 1 Option 2

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