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Assume that Xanadu Imports has a total market value of $296.5 million and a marginal tax rate of 30%. If it permanently changes its leverage

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Assume that Xanadu Imports has a total market value of $296.5 million and a marginal tax rate of 30%. If it permanently changes its leverage from no debt by taking on new debt in the amount of 13.2% 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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