Question: please answer ASAp Assume that Microsoft has a total market value of $298.4 billion and a marginal tax rate of 35%. If it permanently changes

please answer ASAp

Assume that Microsoft has a total market value of

$298.4

billion and a marginal tax rate of

35%.

If it permanently changes its leverage from no debt by taking on new debt in the amount of

13.4%

of its current market value, what is the present value of the tax shield it will create?

The present value of the tax shield is

$nothing

billion. (Round to two decimal places.)

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