nrg inc. currently has $331 million of debt outstanding. it's cost of debt is 5.5% and its marginal corporate tax rate is 25%. estimate the tax shield for nrg at the end of the year (don't calculate the present value). express your answer in $-millions and round to two decimals (do not include the $-sign in your answer).

Outstanding debt is debt you owe to a someone or multiple creditors. Outstanding debt may be on a mastercard, consumer loan, car loan, student loan, or perhaps different varieties of balances together with tax debt. Your debt is taken into account outstanding till the balance (the quantity you owe) is totally paid off.

The cost of debt is that the effective charge per unit that a corporation pays on its debts, like bonds and loans. price|the value|the price} of debt will ask the before-tax cost of debt, that is that the company's price of debt before taking taxes into consideration, or the after-tax price of debt.

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