The following data are for the 2018 fiscal year of Meme-Me Corporation and Sozhal Incorporated....
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Accounting
The following data are for the 2018 fiscal year of Meme-Me Corporation and Sozhal Incorporated. All dollar amounts are in thousands.
| Account Title | Meme-Me Corporation | Sozhal Incorporated |
|---|---|---|
| Current assets | $135,976 | $50,981 |
| Total assets | 232,798 | 97,413 |
| Current liabilities | 35,374 | 7,069 |
| Total liabilities | 54,208 | 13,757 |
| Stockholders equity | 178,590 | 85,090 |
| Interest expense | 116 | 27 |
| Income tax expense | 4,218 | 3,344 |
| Net income | 31,124 | 22,612 |
Meme-Me Corporation reported interest expense of $114 million, before taxes. What was its after-tax interest expense in dollars? (Hint: You will need to compute its tax rate by dividing income tax expense by earnings before taxes, which must be computed.) (Enter your answer in millions (e.g. $4,000,000 would be entered as $4). Round your intermediate calculations to 1 decimal place. Round your answer to 2 decimal places.)
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