Rappaport Industries has 6,250 perpetual bonds outstanding with a face value of $1,000 each. The bonds have a coupon rate of 6.6 percent and a yield to maturity of 6.9 percent. The tax rate is 40 percent. What is the present value of the interest tax shield? Multiple Choice $172,500 $2,500,000 o $165,000 O $2,250,000 $412,500