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The capital structure of BlueScope Steel ( BSC ) is 9 0 % equity and 1 0 % debt. BSC ' s return on equity

The capital structure of BlueScope Steel (BSC) is 90% equity and 10% debt. BSC's return on equity and before-tax return on debt are Re=10.4% and Rd=7.5%, respectively, and its effective tax rate is c=28%. Suppose the FCF for BSC is forecasted to be $1,000.99 million in the next year, and its FCFs are expected to grow at 3.5% per year, in perpetuity. Assuming no financial distress costs, what is the present value of BSC's debt tax shield? (Express your answer as a number rounded to two decimal places, in units of a million dollars. For example, if the present value of the debt tax shield is $123.456 million, you should enter 123.46 as your answer.)
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