Braxton Enterprises currently has debt outstanding of $25 million and an interest rate of 7%. Braxton plans to reduce its debt by repaying $5 million in principal at the end of each year for the next five years. If Braxton's marginal corporate tax rate is 21%, what is the interest tax shield from Braxton's debt in each of the next five years?

Braxton Enterprises currently has debt outstanding of $25 million and an interest rate of 7%. Braxton plans to reduce its debt by repaying $5 million in principal at the end of each year for the next five years. If Braxton's marginal corporate tax rate is 21%, what is the interest tax shield from Braxton's debt in each of the next five years? The interest tax shield in year one is $ million. (Round to three decimal places.) The interest tax shield in year two is $ million. (Round to three decimal places.) The interest tax shield in year three is $ million. (Round to three decimal places.) The interest tax shield in year four is $ million. (Round to three decimal places.) The interest tax shield in year five is $ million. (Round to three decimal places.)