Question
Suppose that LilyMac Photography expects EBIT to be approximately $72,000 per year for the foreseeable future, and that it has 300 10-year, 4 percent annual
Suppose that LilyMac Photography expects EBIT to be approximately $72,000 per year for the foreseeable future, and that it has 300 10-year, 4 percent annual coupon bonds outstanding. (Use Table 11.1)
What would the appropriate tax rate be for use in the calculation of the debt component of LilyMac's WACC?
Tax rate %?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
