Without leverage, Impi Corporation will have net income next year of

$6.0

million. If Impi's corporate tax rate is

21%

and it pays

6%

interest on its debt, how much additional debt can Impi issue this year and still receive the benefit of the interest tax shield next year? (Note: Assume Impi's revenues exceed

$25

million, and that interest tax deductions are limited to

30%

of EBIT under the TCJA.)

The debt is

$nothing

million.