George's Restaurants has 5,400 bonds outstanding with a face value of $1,000 each and a coupon...

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George's Restaurants has 5,400 bonds outstanding with a face value of $1,000 each and a coupon rate of 8.25 percent. The interest is paid semi-annually. What is the amount of the annual interest tax shield if the tax rate is 21 percent? O $137,362.50 O $445,500 $93,555 O $252,851 O $233,887.50 George's Restaurants has 5,400 bonds outstanding with a face value of $1,000 each and a coupon rate of 8.25 percent. The interest is paid semi-annually. What is the amount of the annual interest tax shield if the tax rate is 21 percent? O $137,362.50 O $445,500 $93,555 O $252,851 O $233,887.50

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