calculate interest tax shield to numbers of shares outstanding. Interest rate (1) Tax rate Debt/Total Capital Actual

calculate  interest tax shield to numbers of shares outstanding. 

 

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Interest rate (1) Tax rate Debt/Total Capital Actual 10% 20% 30% 32.5% 6.16% 6.16% 6.16% 6.16% 32.5% 32.5% 32.5% 20,299 19,359 18,419 17,480 Net income Book value: Debt Equity Total capital Market value: Debt (3) 0 22,589 45,178 67,766 225,888 203,299 180,710 158,122 225,888 225,888 225,888 225,888 Equity(4) Market value of capital 0 22,589 45,178 67,766 643,77 3 628,516 613,259 598,002 643,77 3 651,105 658,437 665,769 Interest tax shiled Number of shares outstanding (before repurchasing) Price per share (Market value) 0 7,341 29,130 29,130 14,683 22,024 29,130 29,130 22.1 22.35 22.60 22.86 Numer of repurchased share 0.00 1010.61 1998.71 2965.05 Numer of repurchased share (rounded) 0 1010 1998 2965 Number of shares outstanding (after repurchasing) 29,130 28,120 27,132 26,165 Interest rate (1) Tax rate Debt/Total Capital Actual 10% 20% 30% 32.5% 6.16% 6.16% 6.16% 6.16% 32.5% 32.5% 32.5% 20,299 19,359 18,419 17,480 Net income Book value: Debt Equity Total capital Market value: Debt (3) 0 22,589 45,178 67,766 225,888 203,299 180,710 158,122 225,888 225,888 225,888 225,888 Equity(4) Market value of capital 0 22,589 45,178 67,766 643,77 3 628,516 613,259 598,002 643,77 3 651,105 658,437 665,769 Interest tax shiled Number of shares outstanding (before repurchasing) Price per share (Market value) 0 7,341 29,130 29,130 14,683 22,024 29,130 29,130 22.1 22.35 22.60 22.86 Numer of repurchased share 0.00 1010.61 1998.71 2965.05 Numer of repurchased share (rounded) 0 1010 1998 2965 Number of shares outstanding (after repurchasing) 29,130 28,120 27,132 26,165