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Business, 25.11.2020 14:00 moonk7733

LCMS Industries has $70 million in debt outstanding. The firm will pay only interest on this debt (the debt is perpetual). LCMS' marginal tax rate is 35% and the firm pays a rate of 8% interest on its debt. The present value of LCMS' interest tax shield is closest to:

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LCMS Industries has $70 million in debt outstanding. The firm will pay only interest on this debt (t...

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