Within the M&M framework with corporate taxes but no personal taxes, determine the present value of the interest tax shield at soonerco As well as the total value of the firm. SoonerCo $15,000,000 of common stock outstanding; net operating income of 2,500,000 per year; $15,000,000 fo debt outstanding with a required return (interest rate) of 8%; the required rate of return on assets in the industry is 12.5%; and the corporate tax rate is 35%. Finally, determined the gain from leverage if personal tax rate exists in the form of 15% on stock income and 25% on debt income.