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Business, 01.05.2021 02:00 momomo4

Braxton Enterprises currently has debt outstanding of million and an interest rate of . Braxton plans to reduce its debt by repaying million in principal at the end of each year for the next five years. If​ Braxton's marginal corporate tax rate is ​, what is the interest tax shield from​ Braxton's debt in each of the next five​ years?

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