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Epsilon Enterprises has a total of $200,000 in long-term notes payable on the books, accruing interest at a rate of 12%. If the tax rate

Epsilon Enterprises has a total of $200,000 in long-term notes payable on the books, accruing interest at a rate of 12%. If the tax rate is 28%, how big of a tax shield does Epsilon Enterprises have?

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