4. Value of Tax Shields. Establishment Industries borrows $800 million at an interest rate of 7.6%. It
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4. Value of Tax Shields. Establishment Industries borrows $800 million at an interest rate of 7.6%. It expects to maintain this debt level into the far future. What is the present value of inter- est tax shields? Establishment will pay tax at an effective rate of 35%. (L02)
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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