Vonte Company has a 24 percent tax rate. Its total interest payment for the year just...
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Vonte Company has a 24 percent tax rate. Its total interest payment for the year just ended was $17.5 million. What is the interest tax shield? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567. Interest tax shield Vonte Company has a 24 percent tax rate. Its total interest payment for the year just ended was $17.5 million. What is the interest tax shield? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567. Interest tax shield
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