Wilde Software Development has an 11% unlevered cost of equity. Wilde forecasts the following interest expenses, which are expected to grow at a constant 2% rate after Year 3. Wilde's tax rate is 25%.

What is the horizon value of the interest tax shield? Do not round intermediate calculations. Round your answer to the nearest cent.

$

What is the total value of the interest tax shield at Year 0? Do not round intermediate calculations. Round your answer to the nearest cent.

$

Year 1 Year 2 Year 3 \begin{tabular}{llll} \hline Interest expenses & $75 & $95 & $125 \end{tabular}