In recent years, Haverhill Corporation has averaged a net income of $10 million per year on net sales of $100 million per year. It cur-rently has no long-term debt, but is considering a debt issue of $5million. The interest rate on the debt would be 6 percent. Haverhillcurrently faces an effective tax rate of 35 percent. What would beHaverhills annual interest tax shield if it goes through with the debt issuance?