Remex $($RMX$)$ currently has no debt in its capital structure. The beta of its equity is $1\mathrm{.}23.$ For each year into the

indefinite future, Remex's free cash flow is expected to equal $$29$ million. Remex is considering changing its capital

structure by issuing debt and using the proceeds to buy back stock. It will do so in such a way that it will have a $27\%$

debt$-$equity ratio after the change, and it will maintain this debt$-$equity ratio forever. Assume that Remex's debt cost of

capital will be $6\mathrm{.}24\%.$ Remex faces a corporate tax rate of $15\%.$ Except for the corporate tax rate of $15\%,$ there are no

market imperfections. Assume that the CAPM holds, the risk$-$free rate of interest is $4\mathrm{.}8\%,$ and the expected return on the

market is $10\mathrm{.}56\%.$

a$.$ Using the information provided, fill in the table below.

b$.$ Using the information provided and your calculations in part $($a$),$ determine the value of the tax shield acquired by

Remex if it changes its capital structure in the way it is considering.

a$.$ Using the information provided, fill in the table below.

Using the information provided above, fill in the table below: $($Round to three decimal places.$)$