Question: value: 2.00 points Problem 16-4 Value of Tax Shields (LO2) Establishment Industries borrows $640 million at an interest rate of 8.4%. It expects to maintain

value: 2.00 points Problem 16-4 Value of Tax Shields (LO2) Establishment Industries borrows $640 million at an interest rate of 8.4%. It expects to maintain this debt level into the far future. Establishment will pay tax at an effective rate of 39% What is the present value of interest tax shields? (Round your answer to the nearest cont.) Present value of interest tax shields million

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