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Wyatt Oil issued $ 1 0 0 million in perpetual debt ( at par ) with an annual coupon of 7 % . Wyatt will
Wyatt Oil issued $ million in perpetual debt at par with an annual coupon of Wyatt will pay interest only on this debt. Wyatt's corporate tax rate is expected to be for the foreseeable future.
Calculate Wyatt's annual interest tax shield
Calculate the present value of Wyatt's annual interest tax shield
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