Question: Need help with Finance Question, read it carefully and check your answer please. Thank you. A firm has EBIT of $15,800,000.00, total assets of $100,000,000.00,

Need help with Finance Question, read it carefully and check your answer please. Thank you.

Need help with Finance Question, read it carefully and check your answer

A firm has EBIT of $15,800,000.00, total assets of $100,000,000.00, a tax rate of 40 percent, a cost of debt of 8.0 percent, and a debt/equity ratio of 1.00. As discussed in class, the ROE for a levered firm is also a function of a firm's return on assets (ROA) for an equivalent unlevered firm, plus a leverage effect, plus a tax shelter effect. Given the information above, determine what percentage of the firm's total return on equity arises from the tax shelter effect. Enter your answer is decimal format, rounded to three decimal places. For example, if your answer is 46.55%, enter "0.466

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