Infosys Ltd has a market value of 3,000 billion. It has a marginal tax rate of 28
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Infosys Ltd has a market value of ₹3,000 billion. It has a marginal tax rate of 28 per cent.
The company decides to change its no borrowing policy to take on a leverage equalling 20 per cent of its current value. What is the value of the tax shield if the new leverage is likely to be permanent?
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The value of the tax shield can be calculated using the formula textValue of Tax S...View the full answer
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Related Book For
Corporate Finance Theory And Practice In Emerging Economies
ISBN: 9781108486965
1st Edition
Authors: Sunil Mahajan
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