Use the information for the question(s) below.
Rosewood Industries has EBIT of $450 million,interest expense of $175 million,and a corporate tax rate of 21%.
-The amount of Rosewood's interest tax shield is closest to:
A) $115 million.
B) $290 million.
C) $175 million.
D) $37 million.
Correct Answer:
Verified
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Rosewood Industries
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