Pelamed pharmaceuticals had ebit of 240 million in 2010 in, Ask an Expert

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Pelamed Pharmaceuticals had EBIT of $240 million in 2010. In addition, Pelamed had interest expenses of $67 million and a corporate tax rate of 30%.

a. What is Pelamed's 2010 net income? (round to the nearest integer)

b. What is the total of Pelamed's 2010 net income plus interest payments?

c. If Pelamed had no interest expenses, what would have been its 2010 net income? How does it compare to your answer in part (a)?

d. What is the amount of Pelamed's interest tax shield in 2010?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92416525

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