Medco has ebit of $1 million for the current year. on the firm's balance sheet, there is $5 million of debt outstanding that carries a coupon rate of 15 percent. if the firm faces a corporate tax rate of 40%, what is the present value of the firm's tax shields?

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.