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QUESTIONS 25 points Cosy PLC is a publicly listed company that sells home furniture in the UK. It has E36,000 of debt outstanding with a

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QUESTIONS 25 points Cosy PLC is a publicly listed company that sells home furniture in the UK. It has E36,000 of debt outstanding with a coupon rate of 45 per cent. If the tax rate is 35 per cent, then calculate the present value of the tax shield. Show your steps. For the toolbar, press ALT+F10 (PC) or ALT FN+F10 (Mac). BI US Paragraph Arial 14px A2 I WORDS POWERED BY TINY

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