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Amount of rosewood interest tax shield

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Reference no: EM132546059

Rosewood Industries has EBIT of $450 million, interest expense of $175 million, and a corporate tax rate of 35%. The amount of Rosewood's interest tax shield is?

Reference no: EM132546059

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Amount of rosewood interest tax shield : Rosewood Industries has EBIT of $450 million, interest expense of $175 million, and a corporate tax rate of 35%.
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