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A-Biruni Inc. borrowed $11 millons at the beginning of 2022 with an annuat interest rate of 8.0%. The EBIT recorded for that year was $2.3

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A-Biruni Inc. borrowed $11 millons at the beginning of 2022 with an annuat interest rate of 8.0%. The EBIT recorded for that year was $2.3 million, and tax percentage for the company was 34%. Calculate the INTEREST TAX SHIELD for the company for the year 2022

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