Question
NRG Inc. currently has $337 million of debt outstanding. It's cost of debt is 3.7% and its marginal corporate tax rate is 25%. Estimate the
NRG Inc. currently has $337 million of debt outstanding. It's cost of debt is 3.7% and its marginal corporate tax rate is 25%. Estimate the tax shield for NRG at the end of the year (don't calculate the present value). Express your answer in $-millions and round to two decimals (do not include the $-sign in your answer).
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
