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BMW UK ltd . expects to keep free cash flow in the coming year of 2 0 million, and such free cash flow is estimated

BMW UK ltd. expects to keep free cash flow in the coming year of 20 million,
and such free cash flow is estimated to grow at a rate of 8% per year indefinitely. The firm has a cost of equity of 16%, a cost of debt of 15%. The firm also maintains a target debt to equity ratio of 0.68. If the corporate tax is 24%, calculate the value of the firms interest tax shield.

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