Question: can someone help me with this practice problem Without loverage, Impi Corporation will have net income next year of $75 million Impis corporate tax rate

can someone help me with this practice problem

Without loverage, Impi Corporation will have net income next year of $75 million Impis corporate tax rate is 21% and it pays 9% interest on its debit, how much additional debt can Impi issue this year and still receive the benefit of the interest tax Shield next year? (Note: Assume Impi's revenues exceed $24 milion, and that inforest tax deductions are limited to 30% of EBIT under the TCJA) The debt is $ milion (Round to three decimal places)

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