please answer for each of the 5 years P15-4 (similar to) Question...
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please answer for each of the 5 years
P15-4 (similar to) Question Help Braxton Enterprises currently has debt outstanding of $56 million and an interest rate of 10%. Braxton plans to reduce its debt by repaying $11 million in principal at the end of each year for the next five years. If Braxton's marginal corporate tax rate is 30%, what is the interest tax shield from Braxton's debt in each of the next five years? The interest tax shield in your one is $ million (Round to three decimal places)
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