Question: The income statement for E . C . Builders ( ECB ) is shown below. Given its marginal corporate tax rate of 3 5 %

The income statement for E.C. Builders (ECB) is shown below. Given its marginal corporate tax rate of 35%, what is the amount of the interest tax shield for ECB in years 2010 through 2013? Calculate the present value of the tax shield, assuming that the interest rate of debt is 7%.
The income statement for E . C . Builders ( ECB )

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