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Salima corp plans to issue $5,000,000 worth of debt at a YTM of 7%. If the firm's marginal corporate tax rate is 35%. By how

Salima corp plans to issue $5,000,000 worth of debt at a YTM of 7%. If the firm's marginal corporate tax rate is 35%. By how much will this debt issuance reduce the firm's annual tax liability?

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