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Assume that Xanadu Imports has a total market value of $ 2 9 7 million and a marginal tax rate of 3 0 % .
Assume that Xanadu Imports has a total market value of $ million and a marginal tax rate of If it permanently changes its
leverage from no debt by taking on new debt in the amount of 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 $ million. Round to two decimal places.
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