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Fleury Co. has a 32 percent tax rate. Its total interest payment for the year just ended was $33.2 million. Required: What is the interest
| Fleury Co. has a 32 percent tax rate. Its total interest payment for the year just ended was $33.2 million. |
| Required: |
| What is the interest tax shield? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) |
| Interest tax shield | $ |
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Financial Statement Analysis
Authors: Charles H. Gibson
13th International Edition
1133189407, 9781133189404
