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Braxton Enterprises currently has debt outstanding of $40 million and an interest rate of 7%. Braxton plans t reduce its debt by repaying $8 million

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Braxton Enterprises currently has debt outstanding of $40 million and an interest rate of 7%. Braxton plans t reduce its debt by repaying $8 million in principal at the end of each year for the next five years. If Braxton's marginal corporate tax rate is 25%, what is the interest tax shield from Braxton's debt in each of the next five years

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