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Assume that Microsoft has a total market value of $300 billion and a marginal tax of 35%. If it permanently changes its leverage from no

Assume that Microsoft has a total market value of $300 billion and a marginal tax of 35%. If it permanently changes its leverage from no doubt by taking on new debt in the amount of 13% of its current market value, what is the present value of the tax shield it will create **Hint fomr teacher Use Equation 15.5 to compute the present value of the tax shield.

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