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20. The Sisyphean Company is considering a new project that will have an annual depreciation expense of $4 million. If Sisyphean's marginal corporate tax rate

20. The Sisyphean Company is considering a new project that will have an annual depreciation expense of $4 million. If Sisyphean's marginal corporate tax rate is 35% and its average corporate tax rate is 30%, then what is the value of the depreciation tax shield on the company's new project? A. $1.1 B. $1.4 C. $1.0 D. $2.0 21. Market forces determine interest rates based ultimately on the willingness of individuals, banks, and firms to borrow, save, and lend. True False

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