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Home / Questions / In recent years, Haverhill Corperation has averaged a net income of $10 million per year o

In recent years, Haverhill Corperation has averaged a net income of $10 million per year o

In recent years, Haverhill Corperation has averaged a net income of $10 million per year on net sales of $100 million per year. It currently has no-long term debt, but is considering a debt issue of $5 million. The interest rate on the debt woyuld be 6 percent. Haverhill currently faces an effective tax rate of 35 percent. What would Haverhill's annual interest tax shield if it goes throug with the debt insurence?

Dec 03 2019 View more View Less

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