Question
When finding WACC, if I am offered a 21% average tax rate and told the company cannot make use of any tax shields, would I
When finding WACC, if I am offered a 21% average tax rate and told the company cannot make use of any tax shields, would I incorporate the 21% into the formula as (x Tc), use (1-Tc), or not use the tax rate at all?
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Advanced Financial Risk Management Enterprise Wide Risk Management In Theory And Practice
Authors: Donald Van Deventer, Kenji Imai, Mark Mesler
3rd Edition
1547416157, 9781547416158
