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What is the present value of the tax shields for a firm that anticipates a perpetual debt level of $10.9 million at an interest rate

What is the present value of the tax shields for a firm that anticipates a perpetual debt level of $10.9 million at an interest rate of 7% and a tax rate of 35%? Multiple Choice $10,900,000 $267,050 $763,000 $3,815,000

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