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NRG Inc.currently has $499 millionof debt outstanding. It's cost of debt is 4.6% and its marginal corporate tax rate is 25%. Estimate the tax shield
NRG Inc.currently has $499 millionof debt outstanding. It's cost of debt is 4.6% and its marginal corporate tax rate is 25%. Estimate the tax shield for NRGat the endof the year (don't calculate the present value). Express your answer in $-millions and round to two decimals (do not include the $-sign in your answer).
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