Question
Suppose that LilyMac Photography expects EBIT to be approximately $95,000 per year for the foreseeable future, and that it has 400 10-year, 4 percent annual
| Suppose that LilyMac Photography expects EBIT to be approximately $95,000 per year for the foreseeable future, and that it has 400 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 LilyMacs WACC? |
| Tax rate | % |
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Dynamics Of International Finance
Authors: Ruchi Mehrotra Joshi
1st Edition
1685078389, 978-1685078386
