Rappaport Industries has 4,000 perpetual bonds outstanding selling for $1,000 each. The tax rate is 40 percent. What is the present value of the interest tax shield? Multiple Choice O O O $108,800 $260,000 $1,440,000 $1,600,000 $104,000

Rappaport industries has 4,000 perpotual bonds outstanding selling for \\( \\$ 1,000 \\) each. The tox rate is 40 percent. What is the present value of the interest tax shield? Multiple Choice \\( \\$ 108.800 \\) \\( \\$ 260,000 \\) \\( 51,440,000 \\) \\( \\$ 1,600,000 \\) \\( \\$ 104,000 \\)