Use the following information to answer the question(s)below:
-The after tax interest expense in 2008 is closest to:
A)2380
B)4420
C)6800
D)7820

Name: Use the following information to answer the question(s)below: -The after tax interest expense in 2008 is closest to: A)2380 B)4420 C)6800 D)7820
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Question

Use the following information to answer the question(s)below:  
-The after tax interest expense in 2008 is closest to:
A)2380 
B)4420 
C)6800 
D)7820

Quizplus · Accepted Answer

B)After-Tax interest expense = interest expense(1 - T_c)= 6800(1 - .35)= 4420 Note T_c = income tax/pre-tax income = 3748/10,708 = 35%

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