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Your firm currently has $124 milion in dobt outstanding wih a 10% interest rate. The...

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Accounting

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Your firm currently has $124 milion in dobt outstanding wih a 10% interest rate. The serms of the ican require it to repay 531 milion of the balance each year. Suppose the marginal corporate tax rate is 21%, snd that the interest tax shields have the same risk as the loan, What is the present value of the interest tax shields from this debr? The present value of the interest tux shelds is 1 milion. (Round to two decamal places.)

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