Use the Following Information to Answer the Question(s)below

question 12

Multiple Choice

Use the following information to answer the question(s) below.
Wyatt Oil issued $100 million in perpetual debt (at par) with an annual coupon of 7%.Wyatt will pay interest only on this debt.Wyatt's marginal tax rate is expected to be 40% for the foreseeable future.
-Wyatt's annual interest tax shield is closest to:

• A)$2.8 million
• B)$4.2 million
• C)$7.0 million
• D)$40 million

---

Definitions:

Social Justice

The pursuit of equity and fairness within society, addressing issues of inequality, discrimination, and oppression across various social dimensions.

Cultural Competence

The ability of individuals and organizations to effectively interact, work, and serve people with diverse cultural, ethnic, and linguistic backgrounds.

NASW Code

The National Association of Social Workers Code of Ethics is a set of guidelines for professional conduct and decision-making in the field of social work.

Oppression

The exercise of authority or power in a burdensome, cruel, or unjust manner over others.