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For companies with very high interest expense, or very low EBIT, the interest expense limitation will reduce the tax advantage to issuing debt and the

For companies with very high interest expense, or very low EBIT, the interest expense limitation will reduce the tax advantage to issuing debt and the equation,Kd(Cost of debt) =Y(1 T), would need to be adjusted to reflect the impact of the new tax law. True or False?

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