Company A had EBIT of $330,714,343 in 2019. In addition, the company had interestexpenses of $139,737,155 and

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Company A had EBIT of $330,714,343 in 2019. In addition, the company had interestexpenses of $139,737,155 and a corporate tax rate of 30.89%.

What was the amount of Company's interest tax shield in 2019?

NOTE:Submit your answers with 4decimals after thedot.

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Corporate Finance The Core

ISBN: 9781292158334

4th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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Posted Date: May 11, 2024 10:32 AM

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Company A had EBIT of $330,714,343 in 2019. In addition, the company had interestexpenses of $139,737,155 and

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To calculate the interest tax shield we first need to find the tax savin... View the full answer

Corporate Finance The Core

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