Question: need every year up to five please. Braxton Enterprises currently has debt outstanding of $45 million and an interest rate of 9%. Braxton plans to

need every year up to five please.

Braxton Enterprises currently has debt outstanding of $45 million and an interest rate of 9%. Braxton plans to reduce its debt by repaying $9 million in principal at the end of each year for the next five years. If Braxton's marginal corporate tax rate is 25%, what is the interest tax shield from Braxton's debt in each of the next five years

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