A firm currently has no debt, and a tax rate of 30%. Assume that the firm will take on $1,017 in debt on a permanent basis, at an annual interest rate of 4.6%. The annual dollar value of the interest tax shield is $______.

Do NOT round intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.3456, enter 12.35).

Margin of error for correct responses: +/-.05.