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Next year Biontech expects to generate FCFs of $700,000, which are expected to grow at a rate of 5% per year thereafter. Biontech has an

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Next year Biontech expects to generate FCFs of $700,000, which are expected to grow at a rate of 5% per year thereafter. Biontech has an equity cost of capital of 11%, a debt cost of capital of 7%, and it is in the 40% corporate tax bracket. If Biontech currently maintains a 0.8 debt to equity ratio, then the value of Biontech's interest tax shield is closest to: Select one: O a. $19 million b. $7 million O c. $20 million O d. $4 million

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