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Without leverage, lmpi Corporation will have net income next year of $4.0 million. iflmpfs corporate ta): rate is 35% and it pays Ni: interest on

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Without leverage, lmpi Corporation will have net income next year of $4.0 million. iflmpfs corporate ta): rate is 35% and it pays Ni: interest on its debt, how much additional debt can lmpi issue this year and still receive the benet ofthe interest tax shield next year? The debt is E million. {Round to three decimal places.)

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