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A firm currently has no debt, and a tax rate of 30%. Assume that the firm will take on $1,625 in debt on a permanent

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A firm currently has no debt, and a tax rate of 30%. Assume that the firm will take on $1,625 in debt on a permanent basis, at an annual interest rate of 5.9%. The annual dollar value of the interest tax shield is $____ Do NOT round intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.3456, enter 12.35). Margin of error for correct responses: +/-.05

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