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Suppose a firm has $ 10.2 million in debt that it expects to hold in perpetuity. If the interest rate is 6.3 percent and the

Suppose a firm has $ 10.2 million in debt that it expects to hold in perpetuity. If the interest rate is 6.3 percent and the corporate tax rate is 30 percent, what is the value of the interest tax shield? The interest tax shield is .(Round to two decimal places.)

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