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Question 4 3 pts Breznik Biotech has a substantial amount of debt financing. Because Breznik does not always produce positive income, it estimates that the

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Question 4 3 pts Breznik Biotech has a substantial amount of debt financing. Because Breznik does not always produce positive income, it estimates that the risk of its tax shields is greater than the required return for debt (rd). In other words, rd is not the correct discount rate to value future interest tax shields. Given this, how does the present value of all future tax shields compare to Tc * D? O PV Tax Shields Tc D O PV Tax Shields Tc D O PV Tax Shields Tc D

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