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Al-Biruni Inc. borrowed $11 millions at the beginning of 2022 with an annual interest rate of 9.5%. The EBIT recorded for that year was
Al-Biruni Inc. borrowed $11 millions at the beginning of 2022 with an annual interest rate of 9.5%. The EBIT recorded for that year was $2.2 million, and tax percentage for the company was 34%. Calculate the INTEREST TAX SHIELD for the company for the year 2022?
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
