With its current leverage,WELS Corporation will have net income this year of $2.6 million.If WELS corporate tax rate is 35% and it pays 8% interest on its debt,how much additional debt can WELS issue this year and still receive the benefit of the interest tax shield next year?

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The Answer of With its current leverage,WELS Corporation will have net income this year of $2.6 million.If WELS corporate tax rate is 35% and it pays 8% interest on its debt,how much additional debt can WELS issue this year and still receive the benefit of the interest tax shield next year?

With Its Current Leverage,WELS Corporation Will Have Net Income This