Establishment Industries borrows $1,040 million at an interest rate of 7.2%. It expects to maintain this debt
Fantastic news! We've Found the answer you've been seeking!
Question:
Establishment Industries borrows $1,040 million at an interest rate of 7.2%. It expects to maintain this debt level into the far future. Establishment will pay tax at an effective rate of 38%.
What is the present value of interest tax shields?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781259087585
6th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan, Gordon Roberts
Posted Date: