Question: Hey could someone help me with this problem and provide detail on how you were able tk solve it. I need parts 1-5 please and

Hey could someone help me with this problem and provide detail on how you were able tk solve it. I need parts 1-5 please and thank you

Braxton Enterprises currently has debt outstanding of $50 million and an interest rate of 8%. Braxton plans to reduce its debt by repaying $10 million in principal at the end of each year for the next five years. If Braxton's marginal corporate tax rate is 25%. 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.)

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