Question: explain why its 14.54 Otterson has a total market value of $360.7 billion, no debt and a marginal tax rate of 21%. If Otterson permanently

explain why its 14.54

Otterson has a total market value of $360.7 billion, no debt and a marginal tax rate of 21%. If Otterson permanently changes its leverage from no debt by taking on new debt in the amount of 19.2% of its current market value at an interest rate of 5%, what is the present value of the tax shield it will create? The present value of the tax shield is $ bilion. (Round to two decimal places.)

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