E Homework: Chapter 16, Part I Homework Question 1, P 16-11 Updated (similar to) Part 1 of 5 HW Score: 83.33%, 5 of 6 points O Points: 0 of 1 0 Save Braxton Enterprises currently has debt outstanding of $45 milion and an interest rate of 6% Braxton plans to reduce its debt by repaying S9 million in principal at the end of each year for the next five years. If Braxton's marginal corporate tax rate is 21%, what is the interest tax shield from Braxton's debt in each of the next five years? The interest tax shield in year one is $ million. (Round to three decimal places.)