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Carla Vista Corporation has $330 million of debt outstanding at an interest rate of 8 percent. What is the dollar value of the tax shield
Carla Vista Corporation has $330 million of debt outstanding at an interest rate of 8 percent. What is the dollar value of the tax shield on that debt, just for this year, if Carla Vista is subject to a 35 percent marginal tax rate? (Enter amount in dollars.)
| Value of tax shield | $ |
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