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XYZ Company has debt of $10.0 million. The interest rate is 7% interest rate. XYZ's 2020 EBIT was $4.6 million and the company's tax

XYZ Company has debt of $10.0 million. The interest rate is 7% interest rate. XYZ's 2020 EBIT was $4.6 million and the company's tax rate is 34%. What is the value of XYZ's 2020 interest tax shield? Please enter your answer in whole dollars with no decimals, commas, or dollar signs. For example, enter $765,432.10 as 765432.

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