Question
PDQ, Inc., expects EBIT to be approximately $15.0 million per year for the foreseeable future, and it has 100,000 20-year, 6 percent annual coupon bonds
PDQ, Inc., expects EBIT to be approximately $15.0 million per year for the foreseeable future, and it has 100,000 20-year, 6 percent annual coupon bonds outstanding. (UseTable 11.1)
What would the appropriate tax rate be for use in the calculation of the debt component of PDQ's WACC?(Round your answer to 2 decimal places.)
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
