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With its current leverage, Impi Corporation will have net income next year of $6.0 million. Its Impli's corporate tax rate is 30% and it pays 10% interest on its debt, how much debt can Impsi issue this year and still recieve the beenfit of the interest tax shield next year?

The debt is $_______million. (Round to three decimal places.)

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Financial Management, Finance

Category:- Financial Management
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