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J&J International provide the following data: Net income next year: $9.5 million. Corporate tax rate: 30% 8% debt interest rate Based on the above information,

J&J International provide the following data:

Net income next year: $9.5 million.

Corporate tax rate: 30%

8% debt interest rate

Based on the above information, find out how much additional debt J&J International can issue this year and still receive the benefit of the interest tax shield next year.

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