Your firm currently has $112 million in debt outstanding with a 6% interest rate. The terms of the loan require it to repay

$28 million of the balance each year. Suppose the marginal corporate tax rate is 22%, and that the interest tax shields have the same risk as the loan. What is the present value of the interest tax

shields from this debt?

The present value of the interest tax shields is ______$ million. (Round to two decimal places.)

Your firm cuntently has $112 million in debt outstanding with a 6% interest rate. The tnerrs of the loan requre it to repay 328 milion of the balance each yeac. Suppose the marginal corporate tax rate is 224 , and that tho interest tax stields have the same tigk as the ioan. What is the presant value of the interest tav thiolds from this dot? The present value of the interest tax shielss is 1 milion. (Round to tao decimal places)