Part 1Ten years have passed since Arnell issued ​$2020 million in perpetual interest only debt with a 5 %5% annual coupon. Tax rates have remained the same at 28 %28% but interest rates have​ dropped, so​ Arnell's current cost of debt capital is 4 %4%. a. What is​ Arnell's annual interest tax​ shield?b. What is the present value of the interest tax shield​ today? Part 1a. What is​ Arnell's annual interest tax​ shield?The interest tax shield is ​$[input]enter your response here million. ​ (Round to three decimal​ places.)多项填空题

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