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Mistix Inc. has calculated that the present value of its Perpetual Debt Tax Shield is $ 1 5 0 , 0 0 0 . If

Mistix Inc. has calculated that the present value of its Perpetual Debt Tax Shield is $150,000. If the tax rate is 40% and the debt carries a 6% rate of return, given this information, how much debt does Mistix have outstanding?

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