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Consider a project that is financed through debt at a cost of 5 percent. The debt requires $12 million per year as interest payment for

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Consider a project that is financed through debt at a cost of 5 percent. The debt requires $12 million per year as interest payment for the period of five years. The tax rate is 35 percent, what is the value of the interest rate tax shield? Select one: O 36.37 million 14,55 million 20 million 18.8 million

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