Toni's Typesetters is analyzing a possible merger with? Pete's Print Shop. ?Toni's has a tax loss carryforward of $350,000?, which it could apply to? Pete's expected earnings before taxes of ?$175,000 per year for the next 5 years. Using a 30?% tax? rate, compare the earnings after taxes for? Pete's over the next 5 years both without and with the merger.
Without the? merger, Pete's Print? Shop's earnings after taxes in years 1 through 5 is.