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You are given the following table showing the end of year net debt for a target firm. The cost of net debt is 7.6 percent

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You are given the following table showing the end of year net debt for a target firm. The cost of net debt is 7.6 percent and the corporate tax rate is 21 percent. Calculate the present value of the tax shield generated in the three-year period. $1,621 $1,843 $1,250 $1.477 $1,060

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