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QUESTION
he present value of the tax shields for a firm that anticipates a perpetual debt level of $20 million at an interest rate of 8% and a tax rate of 30%?...
What is the present value of the tax shields for a firm that anticipates a perpetual debt level of $20 million at an interest rate of 8% and a tax rate of 30%? The debt/equity ratio is 2. The cost of equity is 15%
