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ABC Corp is expected to have free cash flows of $61 million at the end of the year that will grow at 3% in perpetuity.

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ABC Corp is expected to have free cash flows of $61 million at the end of the year that will grow at 3% in perpetuity. ABC's current WACC is 11.3% and its unlevered cost of capital is 12%. Given this information calculate the present value of all future tax shields (V.)for ABC corp. Express your result in $-millions and round to two decimals (do not include the $-symbol in your answer) ABC Corp is expected to have free cash flows of $61 million at the end of the year that will grow at 3% in perpetuity. ABC's current WACC is 11.3% and its unlevered cost of capital is 12%. Given this information calculate the present value of all future tax shields (V.)for ABC corp. Express your result in $-millions and round to two decimals (do not include the $-symbol in your answer)

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