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Without leverage, Impi Corporation will have net income next year of $ 8 . 5 million. If Impi's corporate tax rate is 2 1 %

Without leverage, Impi Corporation will have net income next year of $8.5 million. If Impi's corporate tax rate is 21% and it pays 6% interest on its debt, how much additional debt can Impi issue this year and still receive the benefit of the interest tax shield next year? (Note: Assume Impi's revenues exceed $25million, and that interest tax deductions are limited to 30% of EBIT under the TCJA.)
The debt is $ ____(enter your response here million. (Round to three decimal places.)

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