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Sand Mountain Resort has a 45 % tax rate. Its total interest payment for the year just ended was $6.8 million. What is the interest

Sand Mountain Resort has a 45 % tax rate. Its total interest payment for the year just ended was $6.8 million. What is the interest tax shield?

A

$3,006,500
B

$3,060,000
C

$3,410,600
D

$3,525,000
E

$3,618,000

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