With its current leverage, Impi Corporation will have net income next year of $ 9.0...
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Accounting
With its current leverage, Impi Corporation will have net income next year of
$ 9.0
million. If Impi's corporate tax rate is
38 %
and it pays
7 %
interest on its debt, how much debt can Impi issue this year and still receive the benefit of the interest tax shield next year?
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