PDQ Incorporated expects EBIT to be approximately $11.1 million per year for the foreseeable future, and...
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PDQ Incorporated expects EBIT to be approximately $11.1 million per year for the foreseeable future, and it has 40,000 20-year, 10 percent annual coupon bonds outstanding. (Use Table 11.1) What would the appropriate tax rate be for use in the calculation of the debt component of PDQ's WACC? Note: Round your answer to 2 decimal places. Tax rate % PDQ Incorporated expects EBIT to be approximately $11.1 million per year for the foreseeable future, and it has 40,000 20-year, 10 percent annual coupon bonds outstanding. (Use Table 11.1) What would the appropriate tax rate be for use in the calculation of the debt component of PDQ's WACC? Note: Round your answer to 2 decimal places. Tax rate %
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