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      "text": "R&D expenses: €750 million – €850 million\nSG&A expenses: Up to €200 million\nCapital expenditures: €175 million – €225 million",
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      "text": "German corporate tax rate: ~31%\nAccumulated tax loss carryforwards as of December 31, 2020: ~€450 million*",
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      "text": "*€457.9 million corporate income tax losses and €450.9 million trade tax losses related to the German tax group",
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