jakesmith8539 jakesmith8539

23-05-2023
Business

contestada

If a firm permanently borrows $100 million at an interest rate of 8 percent, what is the present value of the interest tax shield? (Assume that the marginal corporate tax rate is 21 percent.)
A) $8.00 million
B) $5.60 million
C) $21.00 million
D) $26.67 million

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