Need ASAP Finance Major

. Markum Enterprises is considering permanently adding an additional $123 million of debt to its capital structure.Markum's corporate tax rate is 38%.

a. Absent personaltaxes, what is the value of the interest tax shield from the newdebt?

b. If investors pay a tax rate of 45% on interestincome, and a tax rate of 30% on income from dividends and capitalgains, what is the value of the interest tax shield from the newdebt?

a. Absent personaltaxes, what is the value of the interest tax shield from the newdebt?

In the absence of personaltaxes, the value of interest tax shield from new debt should be $____ million.

(Round to two decimalplaces.)

b. If investors pay a tax rate of 45% on interestincome, and a tax rate of 30% on income from dividends and capitalgains, what is the value of the interest tax shield from the newdebt?

If investors pay a tax rate of 45% on interestincome, and a tax rate of 30% on income from dividends and capitalgains, the value of the interest tax shield from new debt should be $_____ million. (Round to two decimalplaces.)