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What was the value of the interest tax shield

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Reference no: EM132869411

Question 1: Brick House Cafe has a tax rate of 39 percent and paid total taxes of $46,100. The company had an interest expense of $20,500. What was the value of the interest tax shield?

Multiple Choice

Option 1: $18,698
Option 2: $12,987
Option 3: $7,995
Option 4: $17,979
Option 5: $8,722

Reference no: EM132869411

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