Compute the present value of interest tax shields generated by these three debt issues. Consider corporate taxes only. The marginal tax rate is Tc = 0.35.

a. A $2,200, one-year loan at 9%.(Do not round intermediate calculations. Round your answer to 2 decimal places.) PV (tax shield) $

b. A seven-year loan of $2,200 at 9%. Assume no principal is repaid until maturity. (Do not round intermediate calculations. Round your answer to 2 decimal places.) PV (tax shield) $

c. A $2,200 perpetuity at 8%. PV (tax shield) $