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Suppose ABC Inc. has the following properties: Constant Debt Level of $ 2 1 , 0 0 0 Marginal tax rate of 2 2 .

Suppose ABC Inc. has the following properties:

Constant Debt Level of $21,000

Marginal tax rate of 22.00%

Long-term growth rate of 2.00%

Cost of debt 4.00%

What is the Value of the Tax Shield the closest to?

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