Question
Brick House Cafe has a tax rate of 40 percent and paid total taxes of $51,500. The company had an interest expense of $22,900. What
Brick House Cafe has a tax rate of 40 percent and paid total taxes of $51,500. The company had an interest expense of $22,900. What was the value of the interest tax shield?
Multiple Choice
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$20,600
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$9,993
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$21,424
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$14,880
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$9,160
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Project Finance
Authors: B Rajesh Kumar
1st Edition
3030967247, 978-3030967246
