Mathematics, 10.12.2020 08:10 jaejaeJae9534

Ford Motor Company decided against building a new plant in California because of the high cost of taxes. The state of California proposed an assessment rate of 52% of the estimated market value of the plant. The tax rate proposal was $233.00 per $1,000 of assessed value. What would Ford Motor pay in property taxes per year if it decided to build a $25 million plant?

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