Question: QUESTION 13 2 points Suppose a project financed via an issue of debt requires five annual interest payments of $10 million each year. If the

 QUESTION 13 2 points Suppose a project financed via an issue

QUESTION 13 2 points Suppose a project financed via an issue of debt requires five annual interest payments of $10 million each year. If the tax rate is 21% and the cost of debt is 7%, what is the value of the interest rate tax shield? 6.89 million $8.61 million $10.33 million $17.22 million

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