Question
5. Oberon Corp is considering a project with annual depreciation tax shield of $551,250. The company's tax rate is 21%. Depreciation expense is closest to:
5. Oberon Corp is considering a project with annual depreciation tax shield of $551,250. The company's tax rate is 21%. Depreciation expense is closest to:
[A] $2,625,000
[B] $697,785
[C] $667,013
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
