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Assume that Microsoft has a total market value of $302. 2 billion and a marginal tax rate of 35%. If it permanently changes its leverage

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Assume that Microsoft has a total market value of $302. 2 billion and a marginal tax rate of 35%. If it permanently changes its leverage from no debt by taking on new debt in the amount of 127% of its current market value, what is the present value of the tax shield it will create? The present value of the tax shield is $bition (Round to two decimal places) Inco

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