The general meeting of the listed company CAR recently gave its approval to the company's management proposal to issue installment-free bond debt amounting to NOK 1,000 million on an annual, nominal basis interest rate of 3%. However, a minority of shareholders clearly expressed concern about potential agent costs in debt, but the majority believed on the contrary that the company lacks debt could easily end up with agent costs due to too much equity. Assume that the bond investors' tax on received interest income will amount to 32.4%, that the marginal tax rate for CAR is 35% and that the shareholders' tax on dividends is 25% a) How much will the shareholders' profit after tax be reduced due to the borrowing? a) How much will the total payment of tax from the company, the shareholders and the bond investors be reduced due to the borrowing? b) What is the company's expected, effective tax benefit from the borrowing