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【单选题】
Suppose a project financed via an issue of debt requires five annual interest payments of $18 million each year. If the tax rate is 35% and the cost of debt is 7%, what is the value of the interest rate tax shield?A.
$20.66 million
B.
$31.00 million
C.
$25.83 million
D.
$51.66 million
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