Tatum Co. has a 25 percent tax rate. Its total interest payment for the year just ended was $22.3 million. What is the interest tax shield? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, and round your answer to the nearest whole number, e.g., 1,234,567.)
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Tatum Co. has a 25 percent tax rate. Its total interest payment for the year just ended was $22.3 million. What is the interest tax shield? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, and round your answer to the nearest whole number, e.g., 1,234,567.)
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