Two firms, top dog and under dog generate 50000 in net operating income each year. top dog has a capotal structure consisting of 100% equity whereas under dog uses 50% debt and 50% equity. underdog must pay 25000 in interest on its debt each year. if the tax on corporate profits is 30% what is the value of the tax shield for under dog each period, employing the m&m 'modified' model

one approach for evaluating the investment probect dominated in a foreign currency is to calculate the NPV in dollar terms, assuming that the firm hedges the projects cash flow using _____