Question: if a project financed via an issue of debt requires 5 annual interest payments of $20 million each year. If the tax rate is 35%

if a project financed via an issue of debt requires 5 annual interest payments of $20 million each year. If the tax rate is 35% and the cost of debt is 6%, what's the value of the interest rate tax shield? 14.55 million 29.49 million 27.28 million none of the above

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