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What is the tax shield from debt per year for Goofy Co

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Question - Goofy Co. has $9,000,000 in debt with interest rate of 7% and $10,000,000 in debt with a 5% interest rate. Goofy Co. has a tax rate of 21%, what is the tax shield from debt per year for Goofy Co.?

Reference no: EM132942207

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