Question
The Sisyphean Company is considering a new project that will have an annual depreciation expense of $3 million. If Sisyphean's marginal corporate tax rate is
The Sisyphean Company is considering a new project that will have an annual depreciation expense of $3 million. If Sisyphean's marginal corporate tax rate is 40%, then what is the value of the depreciation tax shield on the company's new project?
| A. | $1,500,000 | |
| B. | $1,000,000 | |
| C. | $1,080,000 | |
| D. | $1,200,000 |
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Microfinance Handbook An Institutional And Financial Perspective
Authors: Joanna Ledgerwood
1st Edition
0821343068, 978-0821343067
