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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 equity and debt. BSCs return on equity and beforetax return on debt are and respectively, and its effective tax rate is Suppose the FCF for BSC is forecasted to be $ million in the next year, and its FCFs are expected to grow at per year, in perpetuity. Assuming no financial distress costs, what is the present value of BSCs 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 $ million, you should enter as your answer.
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