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Fleury Co. has a 38 percent tax rate. Its total interest payment for the year just ended was $39.2 million. Required: What is the interest

Fleury Co. has a 38 percent tax rate. Its total interest payment for the year just ended was $39.2 million.

Required:

What is the interest tax shield?

	$39,200,000
	$24,304,000
	$27,048,000
	$14,896,000
	$103,157,895

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