Find out the effective after-tax interest rate expense


Problem:

A firm incurs $70,000 in interest expenses each year. If the tax rate of the firm is 20%,

Required:

Question: What is the effective after-tax interest rate expense for the firm?

Note: Please show how to work it out.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Find out the effective after-tax interest rate expense
Reference No:- TGS0880572

Expected delivery within 24 Hours