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johnpaech johnpaech
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6 years ago
Assume that capital markets are perfect except for the existence of corporate taxes and that your firm pays 40% of earnings in taxes.  If you want to maintain ownership of at least a 50%, then the minimum amount of debt that you must issue to fund the expansion is closest to:
A) $19 million
B) $18 million
C) $16 million
D) $20 million
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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anicidanicid
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6 years ago
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johnpaech Author
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#2
5 years ago
Thanks for helping with my corporate finance course
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