d. Calculate Air Tampas rs at $6 million debt while assuming its federal-plus-state tax rate is now
Question:
d. Calculate Air Tampa’s rs at $6 million debt while assuming its federal-plus-state tax rate is now 40%. Compare this with your corresponding answer to part c.
(Hint: The increase in the tax rate causes VU to drop to $8 million.)
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Related Book For 
Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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