Amell Industries has just issued $50 milion in debt (at par). The firm will pay interest only on this debt. Ameliss marginal tax rale is expected to be 28% for the foreseable future. a. Suppose Amell pays interest of 9% per year on its debt. What is its annual interest tax shield? b. What is the present value of the interest tax shieid, assuming its risk is the same as the loan? c. Suppose instead that the interest rate on the debt is 5%. What is the present value of the interest tax shield in this case? a. Suppose Amell pays interest of 9% per year on its debt. What is its annual interest tax shield? If Amell pays interest of 9% per year on its debt, the annual interest tax shield is $ million. (Round to three decimal places.)