The tax rate is 40 projected earnings after completion of


Ken's corporation plans to issue 2000 bonds with a face value of $1000 and a coupon rate of 12%. The tax rate is 40% projected earnings after completion of the project are $2million and shares outstanding are 200,000. What is the project EPS after completion of the project?

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Finance Basics: The tax rate is 40 projected earnings after completion of
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