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With its current leverage, Impi Corporation will have net income next year of $8.5 million. If Impi's corporate tax rate is 22% and it pays

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With its current leverage, Impi Corporation will have net income next year of $8.5 million. If Impi's corporate tax rate is 22% and it pays 7% interest on its debt, how much debt can Impi issue this year and still receive the benefit of the interest tax shield next year

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