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Fleury Co. has a 40 percent tax rate. Its total interest payment for the year just ended was $39.8 million. Required: What is the interest
| Fleury Co. has a 40 percent tax rate. Its total interest payment for the year just ended was $39.8 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).) |
| Interest tax shield | $ |
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Investment Management
Authors: Stephen Lofthouse
2nd Edition
047149237X, 9780471492375
