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Hayward Co. has a 22 percent tax rate. Its total interest payment for the year just ended was $14.3 million. What is the interest tax

Hayward Co. has a 22 percent tax rate. Its total interest payment for the year just ended was $14.3 million. What is the interest tax shield? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)

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