Amell industries has 520 million in permanent debt outstanding. The firm will pay interest only on this debt. Arnells marginal tax rate is expected to be 22% for the foreseeable future. a. Suppose Asnell pays interest of 10% per year on its debt. What is its annual interest tax st hold? b. What is the present value of the interest tax shield, assuming its itsk is the same ss the loan? c. Suppose instead the interest rate on the debt were 11%. What is the present value of the interest tax shield in this case? a. Suppose Amell poys interest of 10% per year on is deb. What is its annual lnterest tax shield? If Amell pays interest of 10% pet year on its dobt, the annual interest tax shiold is 4 million (Round fo theee decimal placen.) b. What is the present value of the interest tax shield, assuming its risk is the same as the loan? The present value of the interest tax shield is 5.4.4 millon (Round to one decimal place) c. Suppose instead the interest rate on the debt were 11%. What is the present valio of the interest tax shield in this case? If instead the fair interest rate on the debt is 11\%, the present value of the interest lax shield is s millon. (Round to one decinal place)