Your firm has just taken a 4-year interest-only loan of $150,000 at an interest rate of 8%. The terms of the loan require you to make annual interest payments over the next 4 years. At the end of Year 4, you will repay the entire principal of $150,000 in a single, lump-sum payment. The table below show the interest payments you'll be making over the next 4 years. If the applicable tax rate is 25%, what is the present value of interest tax shields associated with this loan