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Harmony Ltd has $10,000,000 of debt outstanding at an interest rate of 11 per cent What is the present value of the debe tax shield

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Harmony Ltd has $10,000,000 of debt outstanding at an interest rate of 11 per cent What is the present value of the debe tax shield the debt has no maturity and if Harmony Ltd is subject to a 35 per cent company tax rate? Select one: a $10,000,000 O b. $3,500,000 O None of these options

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