Fleury co has a 32 percent tax rate its total interest, Ask an Expert

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Fleury Co. has a 32 percent tax rate. Its total interest payment for the year just ended was $36.8 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).)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91614652

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