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7- Whispering Pines, a recovery center for Mountain Dew addicts, has a perpetual level of debt of $50 million and an equal amount of equity.
7- Whispering Pines, a recovery center for Mountain Dew addicts, has a perpetual level of debt of $50 million and an equal amount of equity. Assuming the firm has a rate of debt of 7.5% and the corporate tax rate is 30%, what is the value (today) of the tax shield provided by Whispering Pines' debt
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Analysis For Financial Management
Authors: Robert C. Higgins
12th International Edition
1260091910, 9781260091915
