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Calculate the tax shield for a company with the following characteristics: EBIT 9 5 million Cost of Debt 7 . 6 9 Percent Cost of

Calculate the tax shield for a company with the following characteristics:
EBIT 95 million
Cost of Debt 7.69 Percent
Cost of Equity 11.50 Percent
Total Debt 188.3 million
Total Equity 310 million
Tax Rate 26.7 Percent
Enter your answer in millions, rounded to the nearest $0.1 million.

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