What is the interest tax shield

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Reference no: EM131085592

Fleury Co. has a 34 percent tax rate. Its total interest payment for the year just ended was $41.0 million. Required: What is the interest tax shield? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)

Reference no: EM131085592

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What is the interest tax shield : Fleury Co. has a 34 percent tax rate. Its total interest payment for the year just ended was $41.0 million. Required: What is the interest tax shield?

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