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Sunland Corporation has $310 million of debt outstanding at an interest rate of 7 percent. What is the dollar value of the tax shield on

Sunland Corporation has $310 million of debt outstanding at an interest rate of 7 percent. What is the dollar value of the tax shield on that debt, just for this year, if Sunland is subject to a 35 percent marginal tax rate? (Enter amount in dollars.)

Value of tax shield $enter the dollar value of the tax shield

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