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A company has EBIT of $5,000,000, depreciation expense of $400,000, and interest expense of $600,000. Assume the tax rate is 35%. What is the depreciation
A company has EBIT of $5,000,000, depreciation expense of $400,000, and interest expense of $600,000. Assume the tax rate is 35%. What is the depreciation tax shield?
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