Multiple Choice
A firm has interest expense of $6500 each year for ten years.If the tax rate is 35% and the discount rate is 6%,compute the value of the interest rate tax shield.
A) $16,744
B) $16,424
C) $16,578
D) $16,987
E) $17,219
Correct Answer:
Verified
Correct Answer:
Verified
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