Fred’s Frankfurters posted an EBIT of $67,256. He paid $5,360 in inter
Fred’s Frankfurters posted an EBIT of $67,256. He paid $5,360 in interest and $7,521 in taxes. Calculate the interest tax shield.
A) $621.13
B) $599.25
C) $534.99
D) $593.89
E) $575.35
ANSWER
B
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