Question
With its current leverage, Impi Corporation will have net income next year of $5.0 million. If Impi's corporate tax rate is 21% and it pays
With its current leverage, Impi Corporation will have net income next year of $5.0 million. If Impi's corporate tax rate is 21% and it pays 10% interest on its debt, how much debt can Impi issue this year and still receive the benefit of the interest tax shield next year?
The debt is $____million (Round to 3 Decimal Places)
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
8th Edition
0814406807, 978-0814406809
