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Poto corporation has a net income of $20,000 and the tax rate of 35%. Its total debt is $25,000 with Principal Payments of $5000 due
Poto corporation has a net income of $20,000 and the tax rate of 35%. Its total debt is $25,000 with Principal Payments of $5000 due at the end of each year and an annual interest rate of 8%. What will be Poto Corporations’ interest tax shield in the upcoming year?
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Companys tax shield in the upcoming year is 700 Explanation We know that ...
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
