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Fleury Co. has a 38 percent tax rate. Its total interest payment for the year just ended was $42.8 million. Required: What is the interest
| Fleury Co. has a 38 percent tax rate. Its total interest payment for the year just ended was $42.8 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).) |
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
