E-Mail : support@onlinemathsguru.com
A firm incurs $70,000 in interest expenses each year. If the tax rate of the firm is 20%, what is the effective after-tax interest rate expense for the firm?
A) $37,000
B) $49,000
C) $56,000
D) $65,000
A firm incurs $70,000 in interest expenses each year. If the tax rate of the firm is 20%, what is the effective after-tax interest rate expense for the firm?
A) $37,000
B) $49,000
C) $56,000
D) $65,000