If a firm borrows $50 million for one year at an interest rate of 9%,what is the present value of the interest tax shield? Assume a 30% marginal corporate tax rate.
A)$50.00 million
B)$17.50 million
C)$1.45 million
D)$1.24 million

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The Answer of If a firm borrows $50 million for one year at an interest rate of 9%,what is the present value of the interest tax shield? Assume a 30% marginal corporate tax rate.
A)$50.00 million
B)$17.50 million
C)$1.45 million
D)$1.24 million

If a Firm Borrows $50 Million for One Year at an Interest