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    Stone House Cafe Has a 30 Per Cent Tax Rate
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Stone House Cafe Has a 30 Per Cent Tax Rate

Question 3

Question 3

Multiple Choice

Stone House Cafe has a 30 per cent tax rate and total taxes of $35 280.What is the value of the interest tax shield if the interest expense is $16 700?


A) $5010
B) $6023
C) $5708
D) $4887
E) $5395

Correct Answer:

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