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  3. 1. (5 points) suppose a project financed via an is

1. (5 points) Suppose a project financed via an issue of debt requires five annual...

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1. (5 points) Suppose a project financed via an issue of debt requires five annual interest payments of $18 million each year. If the tax rate is 35% and the cost of debt is 7%, what is the value of the interest rate tax shield

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