Problem: Holter Inc. owns an investment that generated $120,000 cash revenue and required $26,500 cash expenses this year. Holter's marginal tax rate is 30%. Which of the following statements is false?
A. Holter's before-tax cash flow is $93,500
B. If the revenue is taxable, but only $19,000 of the expenses are deductible, Holter's after-tax cash flow is $63,200
C. If only $105,000 of the revenue is taxable, but all the expenses are deductible, Holter's after-tax cash flow is $69,950
D. None of the above is false