The interest tax shield, What is the interest tax shield?

The interest tax shield

Assignment Help Financial Management

Reference no: EM131536411

Incite Co. has a 34 percent tax rate. Its total interest payment for the year just ended was $37.4 million.

What is the interest tax shield? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)

Interest tax shield $

Reference no: EM131536411

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