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d'Anconia Copper has $200 million in cash that it can use for a share repurchase.Suppose instead that d'Anconia Copper invests the funds in an account paying 5% interest for one year.Assume that the corporate tax rate is 35%,the individual capital gains rate is 15% and the individual rate on ordinary income is 30%.
-The amount of additional cash that d'Anconia Copper will have at the end of the year net of corporate taxes is closest to:
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