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LCMS Industries has $70 million in debt outstanding. The firm will pay only interest on this debt (the debt is perpetual) . LCMS' marginal tax rate is 35% and the firm pays a rate of 8% interest on its debt.
-Assuming that the risk is the same as the loan,the present value of LCMS' interest tax shield is closest to:
Work Schedule
A predetermined or arranged set of working hours, shifts, or tasks designated for employees or workers.
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Changes or movements from one state, position, or phase to another, often referring to work schedules or changes in opinions or moods.
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Individuals who are hired and compensated by a business or organization to perform specific duties.
Gatekeeper
An individual or entity that controls access to something, typically information or resources, and decides who gets access to them.
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