Wilde Software Development has an 11% unlevered cost of equity. Wilde forecasts the following interest expenses, which are expected to grow at a constant 4% 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.

$_________

\begin{tabular}{lrrr} & Year 1 & Year 2 & Year 3 \\ \hline Interest expenses & $80 & $110 & $145 \end{tabular}