AstraZeneca PLC's finance (interest) expense in 2010 was $1,033 million. If the tax rate is 35%, what

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AstraZeneca PLC's finance (interest) expense in 2010 was $1,033 million. If the tax rate is 35%, what is AstraZeneca' annual interest tax shield? What is the present value of the annual tax shield if the company plans to maintain its current debt level indefinitely? Assume a discount rate of 8%.
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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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