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Incite Co. has a 40 percent tax rate. Its total interest payment for the year just ended was $39.8 million What is the interest tax

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Incite Co. has a 40 percent tax rate. Its total interest payment for the year just ended was $39.8 million What is the interest tax shield? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.) Interest tax shield

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