Cycling & Co. has an investment opportunity that requires an investment of 24 today. The project has an infinite life. Corporate taxes are 25%. Assume a Modigliani- Miller world, but with taxes (MM with relaxed assumptions). If the company plans to finance this investment with debt at a cost of 9% and plans to pay interest on its debt only, without ever changing the principal (i.e., it wont raise more debt or pay off the principal), what is the present value of the tax shields? Select one: a. 266.67 b. 36.00 c. 104.64 d. 6.00