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Establishment Industries borrows $950 million at an interest rate of 7.8%. It expects to maintain this debt level into the far future. What is the
Establishment Industries borrows $950 million at an interest rate of 7.8%. It expects to maintain this debt level into the far future. What is the present value of interest tax shields? Establishment will pay tax at an effective rate of 31%. (Do not round intermediate calculations. Enter your answer in millions rounded to 1 decimal place.) PV(tax shield) $ ______ million
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