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If a firm permanently borrows $100 million at an interest rate of 8%, what is the present value of the interest tax shield? (Assume that

If a firm permanently borrows $100 million at an interest rate of 8%, what is the present value of the interest tax shield? (Assume that the tax rate is 30%)

A.$8.00 million
B.$5.6 million
C.$30 million
D.$26.67 million
E.None of the above

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