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The ABC Company currently has no debt in its capital structure.The company has decided to restructure, raising $2115403 debt at 12 per cent.ABC currently has

The ABC Company currently has no debt in its capital structure.The company has decided to restructure, raising $2115403 debt at 12 per cent.ABC currently has 500 000 shares on issue at a price of $100 per share. Compute the interest tax shield of a company if the tax rate is 35%.

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