Suppose Vodafone had an additional 100 million depreciation expense in 2013. If Vodafone's tax rate on pretax

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Suppose Vodafone had an additional £100 million depreciation expense in 2013. If Vodafone's tax rate on pretax income is 26%, what would be the impact of this expense on Vodafone’s earnings? How would it impact Vodafone’s cash at the end of the year?

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Corporate Finance

ISBN: 9780273792024

3rd Global Edition

Authors: Peter Demarzo, Jonathan Berk

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