Question: Brutus Co . currently has $ 5 0 0 million in debt outstanding and plans to maintain that amount of debt forever. The average yield

Brutus Co. currently has $500 million in debt outstanding and plans to maintain that amount of debt forever. The average yield to maturity on Brutus's debt is 4% and Brutuss tax rate is expected to continue to be 22%.
What is the value of Brutus's interest tax shield?

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