P 16-11 (similar to) Question Help Braxton Enterprises currently has debt outstanding of $55 million and an interest rate of 9%. Braxton plans to reduce its debt by repaying $11 million in principal at the end of each year for the next five years. If Braxton's marginal corporate tax rate is 30%, what is the interest tax shield from Braxton's debt in each of the next five years? The interest tax shield in year one is S million. (Round to three decimal places.)