The company has Symul Co$.$ keeps an expected EBITDA that perpetually grows at a $2\%$ annual rate. All the assets fully depreciated. At the moment the debt$-$to$-$equity ratio is and the cost of debt is $3\mathrm{.}75\%.$ The unlevered value of the firm is $13,759,800$ and the unlevered are equity is $8\mathrm{.}45\%.$ If the tax rate is $29\%,$ what is the present value of return on the interest rate tax shield?

solution $is$ that $pvof$ tax shield $is$ equal $to599704.$ please provide calculations $on$ how they came $up$ with that answear.