2. Consider tax savings and financial distress costs in estimating the effect of financial leverage on firm

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2. Consider tax savings and financial distress costs in estimating the effect of financial leverage on firm value. What role does the discount rate of the tax savings play in the MM model? Discuss practical ways to calculate the appropriate discount rate for the tax savings.

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Muhammad Yasin

I am an engineer and programmer. I offer technical services in Electrical and Electronics Engineering, develop algorithms in signal and image processing using MATLAB. I have 6 years of experience tutoring MATLAB. I have developed a free access online course on introduction to MATLAB that can be taken with anyone with no prior knowledge of programming. I have also published a research paper with the Internation Journal of Computer Applications on the Application of Infrared Thermography in Fault Detection and Preventive Maintenance in Three-Phase Distribution Transformers, in which I have used MATLAB to extract transformer temperature data from the infrared thermograms to detect faults. Other notable projects on my portfolio include design and simulation of an electric vehicle powertrain drive assembly in Simulink, automation of the broomstick and backhoe assembly of the excavator in simscape- Simulink, and Modeling PSO algorithm for PID tuning in MATLAB. I prefer tutoring concepts from basic concepts the building bigger ideas progressively. Task-orientated tutoring in programming has proven to be a greater tool in achieving objectives. I like to actively interact with students to make tutoring lively and fulfilling. My motto is: Programming Make ideas clearer. I have successfully trained 200 students in my 4-year teaching carrier.

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