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Given this information need the firm net income

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Assume that Cat Health System, a for-profit hospital, has $1 million in taxable income for 2004, and its tax rate is 30 percent.

(a) Given this information, need the firm's net income.

(b) Suppose the hospital pays out $300 thousand in dividends. A stockholder receives $10 thousand. If the stockholder's tax rate on dividends is 15 percent, need the after-tax dividend.

Reference no: EM132203753

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