Nachos, Inc. paid $18,268.20 in interest expense on its long-term debt. If Nachos' average tax rate is
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- Nachos, Inc. paid $18,268.20 in interest expense on its long-term debt. If Nachos' average tax rate is 39%, what was the "tax savings" on this interest expense? (Round your answer to the nearest dollar.)
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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