Pack-and-Send, Inc. expects to have free cash flow of $5.75 million next year and this cash flow will grow at a rate of 5% per year thereafter. The firm's equity cost of capital is 9% and its debt cost of capital is 4%. Assume that Pack-and-Send has a corporate tax rate of 25%. If the firm maintains a debt-to-equity ratio of 0.40, the value of the firm's tax shield is closest to: $18.47 million $27.95 million $54.28 million $260.00 million None of the above