Markum Enterprises is considering permanently adding an additional $71 million of debt to its capital structure.? Markum’s corporate tax rate is 38%. a.Absent personal? taxes, what is the value of the interest tax shield from the new? debt? b. If investors pay a tax rate of 45% on interest? income, and a tax rate of 30% on income from dividends and capital? gains, what is the value of the interest tax shield from the new? debt?
