Question
Suppose a project financed via an issue of debt requires six annual interest payments of $20 million each year. If the cost of debt is
Suppose a project financed via an issue of debt requires six annual interest payments of $20 million each year. If the cost of debt is 8%, and the present value of the interest rate tax shield is $27.74 million, what is the firm's tax rate?
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The Dark Side Of Valuation
Authors: Aswath Damodaran
2nd Edition
0137126891, 9780137126897
