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Braxton Enterprises currently has debt outstanding of $ 3 5 million and an interest rate of 9 % . Braxton plans to reduce its debt

Braxton Enterprises currently has debt outstanding of $35 million and an interest rate of 9%. Braxton plans to reduce its debt by repaying
$7 million in principal at the end of each year for the next five years. If Braxton's marginal corporate tax rate is 35%, 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 two decimal places.)
The interest tax shield in year two is $, million. (Round to two decimal places.)
The interest tax shield in year three is $, million. (Round to two decimal places.)
The interest tax shield in year four is $, million. (Round to two decimal places.)
The interest tax shield in year five is $, million. (Round to two decimal places.)

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