You are an analyst valuing Palm and Sun Industries for a possible acquisition. Below are pro forma estimates of unlevered free cash flow and interest tax savings for the $3-$year planning period. Starting in year $4,$ you expect a constant growth rate of $5\%,$ which is applicable to both equity$-$ and debt$-$related cash flows. The unlevered cost of equity is $15\%$ and the cost of debt is $8\%.$ The tax rate is $35\%.$ Cash flows are given in millions. Find the present value of the interest tax shield. Round your answer to the nearest million.

Year $1$ Year $2$ Year $3$

Free Cash Flow $8914$

Tax Savings $222$