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Suppose a project financed via an issue of debt requires five annual interest payments of $20 million each year. If the tax rate is 30%

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Suppose a project financed via an issue of debt requires five annual interest payments of $20 million each year. If the tax rate is 30% and the cost of debt is 7%, what is the value of the interest rate tax shield? O A. $19.7 million OB. $49.2 million OC. $24.6 million OD. $29.5 million

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