Question: Using the information from Problems 12 and 14 on Roxy Broadcasting, determine the size of the tax shield with a corporate tax rate of 15%,

Using the information from Problems 12 and 14 on Roxy Broadcasting, determine the size of the tax shield with a corporate tax rate of 15%, 25%, 35%, and 45% if Roxy’s is 1/3 debt-to-equity. Determine the same if the is 3/1.

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