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Assume that Microsoft has a total market value of $ 300.7 billion and a marginal tax rate of 35 % . If it permanently changes
Assume that Microsoft has a total market value of $ 300.7 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 12.7 % of its current marketvalue, what is the present value of the tax shield it willcreate?
The present value of the tax shield is $________ billion (Round to two decimal places)
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