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Suppose a project financed via an issue of debt requires five annual interest payments of $22 million each year. If the tax rate is 25%

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Suppose a project financed via an issue of debt requires five annual interest payments of $22 million each year. If the tax rate is 25% and the cost of debt is 5%, what is the value of the interest rate tax shield? O A. $47.6 million B. $23.8 million C. $28.6 million D. $19.1 million

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