Assume the following: EBIT = $6,000,000; Depreciation Expense = $560,000, Interest Expense = $400,000; Tax...
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Accounting
Assume the following: EBIT = $6,000,000; Depreciation Expense = $560,000, Interest Expense = $400,000; Tax Rate = 20%. What is the depreciation tax shield? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the sign in your response. For example, an answer of $1,000.50 should be entered as 100050 Numer Response
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