Brick House Markets has a tax rate of 34 percent and taxable income of $308,211.What is the value of the interest tax shield if the interest expense is $39,700?

Name: Brick House Markets has a tax rate of 34 percent and taxable income of $308,211.What is the value of the interest tax shield if the interest expense is $39,700?
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The Answer of Brick House Markets has a tax rate of 34 percent and taxable income of $308,211.What is the value of the interest tax shield if the interest expense is $39,700?

Brick House Markets Has a Tax Rate of 34 Percent