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Establishment Industries borrows $850 million at an interest rate of 8.1%. Establishment will pay tax at an effective rate of 35%. What is the present

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Establishment Industries borrows $850 million at an interest rate of 8.1%. Establishment will pay tax at an effective rate of 35%. What is the present value of interest tax shields if: a. It expects to maintain this debt level into the far future? (Enter your answer in millions of dollars.) Present value million b. It expects to repay the debt at the end of 4 years? (Enter your answer in millions of dollars rounded to 2 decimal places.) Prosent value million c. It expects to maintain a constant debt ratio once it borrows the $850 million and Assets - 10%? (Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 1 decimal place.) Present value million

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