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Company A had EBIT of $330,714,343 in 2019. In addition, the company had interest expenses of $139,737,155 and a corporate tax rate of 30.89%. What was the amount of Company's interest tax shield in 2019?
NOTE: Submit your answers with 4 decimals after the dot.
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The project is estimated to generate $1,740,000 in annual sales, with costs of $650,000. The tax rate is 21 percent and the required return is 11 percent.
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