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Company A has $13751307 in permanent dobt outatanding. The firm will pay interest only on this debt. The firm's marginal tax rate is expocted to

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Company A has $13751307 in permanent dobt outatanding. The firm will pay interest only on this debt. The firm's marginal tax rate is expocted to be 50% for the foreseeable future. Suppose that the firm pays interest of 4.63% per year on its debt. What is the annual interest tax shield? NOTE: Submit your answers with 4 decimals after the dot. Do not include the " \( \$ " \)quot; sign

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