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Penn Inc. has $34,000 of debt outstanding that is selling at par and has a coupon rate of 6%. The tax rate is 30%.
Penn Inc. has $34,000 of debt outstanding that is selling at par and has a coupon rate of 6%. The tax rate is 30%. What is the present value of the stream of annual tax shields? $8,462 $8,887 O $10,200 $12,400
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