Question
Company A had EBIT of $330,714,343 in 2019. In addition, the company had interestexpenses of $139,737,155 and a corporate tax rate of 30.89%. What was
Company A had EBIT of $330,714,343 in 2019. In addition, the company had interestexpenses of $139,737,155 and a corporate tax rate of 30.89%.
What was the amount of Company's interest tax shield in 2019?
NOTE:Submit your answers with 4decimals after thedot.
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To calculate the interest tax shield we first need to find the tax savin...
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Corporate Finance The Core
Authors: Jonathan Berk, Peter DeMarzo
4th Global Edition
1292158336, 9781292158334
