Your firm currenty has $116 million in debt outstanding watha 7% interest rate. The lerms of the loan requie the firm to repay $29 milion of the balance each year, Suppose that the marginal corporate tax rate is 30%, and that the interest tax shelds have the same risk os the loan. What is the present value of the interest tax shiolds fecm this debr? The present value of the interest tax sheids is 1 milion. (Round to two decimal places.)