Your firm currently has $112 million in debt outstanding with a 10% interest rate. The terms of the loan require the firm to repay $28 million of the balance each year. Suppose the marginal corporate tax rate is 25%, 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.) CIIS

Your fim currenty has $112 milion in debt outstanding with a 10% interest rate. The terms of the loan reguire the firm to repoy 578 million of the balance each year Suppose the marginal corporate tax. The present value the inferest tax sheids is! mition. (Round to two decimal places:)