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is an expense ) . The firm faces a tax rate of 3 0 % . Assume that net income can be used to pay
is an expense The firm faces a tax rate of
Assume that net income can be used to pay out to investors, the total amount available to payout to all the investors both equity holders and debt holders is $
is $ That is what is minus Note that we assume the operating performance is unchanged so same EBIT if the firm were not levered ie financed with equity only
Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma sign, and round it to the nearest integer. Eg if your answer is $ then just input
tableYearEBIT$
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