Question: Suppose DFB does not have any debt now. DFB start to restructure its existing debt, and will instead pay $ 3 0 million in interest

Suppose DFB does not have any debt now. DFB start to restructure its existing debt, and will instead
pay $30 million in interest each year for the next 10 years. These payments are risk free, and DFB 's
marginal tax rate will remain 25% throughout this period. If the risk-free interest rate is 6%, by how much
does the interest tax shield increase the value of DFB?|
Suppose DFB does not have any debt now. DFB start to

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