Markum Enterprises is considering permanently adding an additional $145 million of debt to its capital structure. Markum's corporate tax rate is 38%. a. Absent personal taxes, what is the value of the interest tax shield from the new debt? b. If investors pay a tax rate of 45% on interest income, and a tax rate of 25% on income from dividends and capital gains, what is the value of the interest tax shield from the new debt? a. Absent personal taxes, what is the value of the interest tax shield from the new debt? In the absence of personal taxes, the value of interest tax shield from new debt should be s million. (Round to two decimal places.)