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Interest tax shield benefit: James and Co Ltd has $30 0 million of debt outst anding at an interest rate of 10 per cent. What

Interest tax shield benefit: James and Co Ltd has $300 million of debt outstanding at an interest rate of 10 per cent. What is the present value of the debt tax shield if the debt has no maturity and if Harman is subject to a 30 per cent company tax rate ?

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