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if a project financed via an issue of debt requires 5 annual interest payments of $20 million each year. If the tax rate is 35%
if a project financed via an issue of debt requires 5 annual interest payments of $20 million each year. If the tax rate is 35% and the cost of debt is 5%, what's the value of the interest rate tax shield?
14.55 million
29.49 million
27.28 million
none of the above
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
10th Edition
0073530697, 9780073530697
