Determine the respective values of geared and ungeared firms if: Earnings = 100m before tax Tax rate
Question:
Determine the respective values of geared and ungeared firms if:
Earnings = £100m before tax Tax rate = 30, keu = 15,
The geared firm borrows £200m.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: