Fleury Co. has a 32 percent tax rate. Its total interest payment for the year just ended was $40.4 million. What is the interest tax shield?
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- A loan payable has a carrying amount of P4,000. The repayment of the loan will have no tax consequences. How much is the tax base of the liability? The tax rate is 40%.A company has interest expenses totaling = $722 MM, for which they pay 7%/annum to their lender. Last year, the company paid $827 MM in tax, based on earnings before taxes of $4, 135M; what amount of additional taxes would the co. pay if they were all equity - financed (i.e., no debt) and what is the PV of tax shield (assume all metrics stay constant in perpetuity)?Malabar Gold has taken a loan of two million on which it pays an interest of 5.5 % . If the current tax rate 34.5 % . What is the firm's after tax cost of debt ? Select one a . 5.44 b . 3.60 C. 4.42 D. None of these
- Brick House Cafe has a tax rate of 35 percent and paid total taxes of $49,700. The company had an interest expense of $22,100. What was the value of the interest tax shield?Tom Inc. report a $30million of net income. its EBIT is 50millions, the flat tax rate is 25%? What was its interest expense (in million)?Green Tea House has a tax rate of 25 percent and an interest tax shield valued at $8,046 for the year. How much did the firm pay in annual interest?
- Molteni Motors Inc. recently reported $6 million of net income. Its EBIT was$13 million, and its tax rate was 40%. What was its interest expense? (Hint:Write out the headings for an income statement and then fill in the knownvalues. Then divide $6 million net income by 1 - T = 0.6 to find the pretax income. The difference between EBIT and taxable income must be theinterest expense. Use this procedure to work some of the other problems.)Malbar Gold has taken a loan of two million on which it pays an interest of 4.5 %. If the current tax rate 37.5 %. What is the firm's after tax cost of debt? Select one: Oa. None of these Ob. 3.44 O c. 4.42 O d. 2.81Malbar Gold has taken a loan of two million on which it pays an interest of 4.5 %. If the current tax rate 37.5 %. What is the firm's after tax cost of debt? Select one: a. None of these О Б. 3.44 O c. 4.42 O d. 2.81
- Little Books Inc. recently reported $3 million of net income. Its EBIT was $6 million, and its tax rate was 40%. What was its interest expense? [Hint: Write out the headings for an income statement and fill in the known values. Then divide $3 million of net income by (1 " T) ! 0.6 to find the pretax income. The difference between EBIT and taxable income must be the interest expense. Use this same procedure to complete similar problems.]If Cleveland Motors Had an EBIT of $22,858,800, Interest of $7,394,600 and is taxed at an average rate of 32% what is their Net Income? Round to the nearest cent.15-7. (Computing interest tax savings) Dharma Supply has earnings before interest and taxes (EBIT) of $500,000, interest expenses of $300,000, and a corporate tax rate of 35 percent. a. What is Dharma Supply's net income? b. What would Dharma's net income be if it didn't have any debt (and, conse- quently, no interest expense)? c. What are the firm's interest tax savings?
