Assume that Microsoft has a total market value of $$295\mathrm{.}6$ billion and a marginal tax rate of $21\%.$ If it permanently

changes its leverage from no debt by taking on new debt in the amount of $13\mathrm{.}2\%$ of its current market value, what is the

present value of the tax shield it will create?

The present value of the tax shield is $ billion. $($Round to two decimal places.$)$