Markum Enterprises is considering permanently adding an additional $112 million of debt to its capital structure. Markums corporate tax rate is 35%.

Absent personal taxes, the value of the interest tax shield from new debt is $__________ million. (Round to two decimal places.)

If investors pay a tax rate of 35% on interest income, and a tax rate of 25% on income from dividends and capital gains, the value of the interest tax shield from new debt is $__________ million. (Round to two decimal places.)