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The Tax Cuts and Jobs Act of 2017 placed limits the amount of tax-deductible interest to 30% of EBIT after Year 2021. What firms would

The Tax Cuts and Jobs Act of 2017 placed limits the amount of tax-deductible interest to 30% of EBIT after Year 2021. What firms would be most affected by this limitation and what likely changes to capital structure are they likely to make? Explain your answer.

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