Estimate next? year interest expense

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During the previous? year, Leveraged Inc. paid ?$112 million of interest? expense, and its average rate of interest for the year was 8.0?%. The? company's ROE is 13.6?%, and it pays no dividends. Estimate next? year's interest expense assuming that interest rates will fall by 26?% and the company keeps a constant equity multiplier.

Reference no: EM132481582

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