Question
A company has an un-leveraged value of 3,000,000 and debt 300,000.If the company is subject to a corporate tax rate of 0.30, and investors in
A company has an un-leveraged value of 3,000,000 and debt 300,000.If the company is subject to a corporate tax rate of 0.30, and investors in the company are subject to a tax rate of 0.05 on equity income and 0.10 on debt income, what is the company's value?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
