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A company financed its' latest investment project partly by using debt. The company borrowed $1,233 at a 10% interest rate and will pay the interest
A company financed its' latest investment project partly by using debt. The company borrowed $1,233 at a 10% interest rate and will pay the interest every year for 6 years. If the company has a tax rate of 22%, what is the present value of the interest tax shield?
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