Question: PRINTER VERSION - RACK NEXT Question 13 Finite Ltd has $437 million of debt outstanding at an interest rate of 8 percent. Assuming that Finite

PRINTER VERSION - RACK NEXT Question 13 Finite Ltd has $437 million of debt outstanding at an interest rate of 8 percent. Assuming that Finite is subject to a 31 percent tax rate and the debt wil mature in five years and no now debt will replace the old debt), the present value of the debt tax shield is (Round answer to two decimal places. Omit 9 sign in answer. All intermittent calculations should be rounded to 6 decimal places before carrying to next calculation)

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