Fleury Co. has a 38 percent tax rate. Its total interest payment for the year just ended
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Fleury Co. has a 38 percent tax rate. Its total interest payment for the year just ended was $24 million. What is the interest tax shield? How do you interpret this amount?
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Input Area Tax rate 38 Interest paid 240000...View the full answer
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Related Book For
Essentials of Corporate Finance
ISBN: 978-0078034756
8th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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