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Minnow Mining Corp. has $290 million of interest-bearing debt, with an average coupon rate of...

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Finance

Minnow Mining Corp. has $290 million of interest-bearing debt, with an average coupon rate of 5.8%. The debt will be kept constant forever. Its average tax rate is 34%.

1. What is the present value of all future annual interest tax shields (in $ million)?

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