Question: Markum Enterprises is considering permanently adding an additional $ 9 0 $ 9 0 million of debt to its capital structure. Markum's corporate tax rate

Markum Enterprises is considering permanently adding an additional
$ 90$90
million of debt to its capital structure. Markum's corporate tax rate is
29%29%.
a. Absent personal taxes, what is the value of the interest tax shield from the new debt?

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