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Without loverage, Impl Corporation will have net income next year of $9.5 million. If Impi's corporate tax rate is 21% and it pays 6% Interest

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Without loverage, Impl Corporation will have net income next year of $9.5 million. If Impi's corporate tax rate is 21% and it pays 6% Interest on its debt, how much additional debt can Impl 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 $million (Round to three decimal places.)

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