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NovaTech and TechTide are identical companies that operate in the same industry. The only difference between the two companies is that TechTide has borrowed $
NovaTech and TechTide are identical companies that operate in the same industry. The only difference between the two companies is that TechTide has borrowed $ million, at an interest rate of Both companies have an operating profit of $ million and face a corporate tax rate of Compared to NovaTech, how much tax does TechTide save due to the interest that they pay? Can you also solve this by using the finacial calculator?
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