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Traylor Inc. has calculated that the present value of its future tax shields is $ 0 . Assume Traylor has $ 3 5 million in
Traylor Inc. has calculated that the present value of its future tax shields is $ Assume Traylor has $ million in outstanding debt and plans to keep this debt in perpetuity and also that Traylor has $ million in equity, measured in market value. Assuming the tax shield calculation is correct, what do you know about Traylor's situation?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
7th Edition
0324171730, 978-0324171730
