Use the Following Information to Answer the Question(s)below

question 74

Multiple Choice

Use the following information to answer the question(s) below.
Really Big Conglomerate (RBC) is considering acquiring POP,Inc. ,a smaller unsuccessful Internet firm.POP has outstanding tax loss carryforwards of $320 million from losses over the past six years.RBC has pre-tax income of $100 million per year,a cost of capital of 10%,and pays 21% in taxes.The Tax Cuts and Jobs Act of 2017 will limit RBC's ability to write off the carryforwards to 80% of RBC's annual pre-tax income.
-If RBC acquires POP,in what year will RBC completely use up the tax loss carryforward?

• A)2 years
• B)3 years
• C)4 years
• D)5 years

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T-shirts with similar designs or messages worn by a group of individuals to signify unity or belonging.

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Love that is slow-burning, peaceful, and affectionate.

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