Without leverage, Impi Corporation will have net income next year of $9.0 million. If Impi's...
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Without leverage, Impi Corporation will have net income next year of $9.0 million. If Impi's corporate tax rate is 35% and it pays 10% interest on its debt, how much additional debt can Impi issue this year and still receive the benefit of the interest tax shield next year? The debt is $ million. (Round to three decimal places.)
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