The I.R.S. Corporation has $10,000 of debt in its capital structure. The interest rate on this debt
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The I.R.S. Corporation has $10,000 of debt in its capital structure.
The interest rate on this debt is 10%. What is the present value of the tax shield from interest deductibility if the tax rate on corporate income is 45%?
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Related Book For
Financial Management And Analysis (Frank J. Fabozzi Series)
ISBN: 9780471477617
2nd Edition
Authors: Frank J. Fabozzi, Pamela P. Peterson
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