Find amount of company interest tax shield in 2019

Assignment Help Finance Basics
Reference no: EM133068453

Company A had EBIT of $330,714,343 in 2019. In addition, the company had interest expenses of $139,737,155 and a corporate tax rate of 30.89%. What was the amount of Company's interest tax shield in 2019?

NOTE: Submit your answers with 4 decimals after the dot.

Reference no: EM133068453

Questions Cloud

How much money would you have to put into a bank today : How much money would you have to put into a bank today to accumulate this if your money will earn 14.2% per year (assume annual compounding)
Critically evaluate the range of organisational change : Critically evaluate the range of organisational change, models and frameworks that could be used in your organisation
What is the amount of machine maintenance costs : Under activity-based costing, what is the amount of machine maintenance costs allocated to the Mossman Job
Strengths and weaknesses in smith current estate plan : You are a financial planner, and your clients are Gloria (age 64) and Jackson (age 69) Smith who reside in Georgia. Both are in excellent health.
Find amount of company interest tax shield in 2019 : Company A had EBIT of $330,714,343 in 2019. In addition, the company had interest expenses of $139,737,155 and a corporate tax rate of 30.89%.
Determine the break-even point in units of x and y combined : The sales mix for products X and Y is 60% and 40% respectively. Determine the break-even point in units of X and Y combined
What is the firm share price today : A Corporation plans to issue equity to raise $84,016,159 to finance a new investment. After making the investment, the firm expects to earn free cash flows of $
Estimate target stock price using dividend-discount model : Question 1: Estimate the Target stock price using the dividend-discount model: find: 1) the current dividend; 2) analyst's estimate growth rate for the next fiv
What is the price path for svxy : VXX is the 1x vix futures ETF. ETF UVXY manages leverage of +1.5x of vix futures ETF (a leveraged fund, long 150% of AUM). You can view UVXY as holding 150% of

Reviews

Write a Review

Finance Basics Questions & Answers

  Dupont analysis of facebook

How would you explain the following: Dupont Analysis of Facebook:

  What is the expected gain from the acquisition

DM's analysts estimate that investors currently expect growth of about 6% per year in Arlington's earnings and dividends. They assume that with

  Distinguish between the types of bonds

Distinguish between the types of bonds. What factors determine their value? Explain three important relationships that exist in bond valuation.

  Which of the following presents a summary of the changes in

1.which of the following is considered a hybrid organizational form?2.which of the following is a principal within the

  Q which of the employee benefits has greater value suppose

q. which of the employee benefits has greater value? suppose a 28tax rate.a a non-taxable pension contribution of 4300

  What is the net present value of the investment

The investment will cost you $ 6,255 today. If the appropriate Cost of Capital is 10.3 %, what is the Net present Value of the investment?

  Calculate the real sector rate of return

Why is it important to be able to calculate the real sector rate of return of a firm/stock/bond without using a predetermined fixed interest rate?

  Type of program that would resolve the problem

Identify the type of program that would resolve the problem. Describe the processes used to identify the problem in the case study.

  Which would lower the calculated value of the investment

You plan to analyze the value of a potential investment by calculating the sum of the present values of its expected Cash flows. Which of the following would lower the calculated value of the investment?

  What position should the company take in the contracts

The December Eurodollar futures contract is quoted as 98.40 and a company plans to borrow $8 million for three months starting in December at LIBOR plus 0.5%.

  Design strategies to improve products-services

With whom should you consult about design strategies to improve products/services and why would you consult with these individuals or groups?

  What is the project npv-down under boomerang

The project is estimated to generate $1,740,000 in annual sales, with costs of $650,000. The tax rate is 21 percent and the required return is 11 percent.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd