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P15-5 (similar to) Question Help Your firm currently has $120 million in debt outstanding with a 10% interest rate. The terms of the loan require the firm to repay $30 million of the balance each year, Suppose that the marginal corporate tax rate is 35%, and that the interest tax shields have the same risk as the loan. What is the present value of the interest tax shields from this debt? The present value of the interest tax shields is $ 3 million. (Round to two decimal places.) Bay Transport Systems (BTS) currently has $30 million in debt outstanding. In addition to 10.0% interest, it plans to repay 10% of the remaining balance each year. If BTS has a marginal corporate tax rate of 35%, and if the interest tax shields have the same risk as the loan, what is the present value of the interest tax shield from the debt? The present value is s million (Round to two decimal places.)