Quantum Design, Inc. is considering adding debt to their capital structure. Currently, the value of Quantum Designs is $$3,000,000$ and they are all$-$equity financed. The CFO would like to issue debt; specifically, $$1,000,000$ worth of bonds. This debt is permanent. The interest on the bonds would be set at $5\%.$ The CFO estimated that this is the appropriate required rate of return demanded by bondholders of similar debt issues. Quantum Designs pays taxes at a rate of $30\%.$ Calculate the annual interest tax shield.

Group of answer choices

$$15,000$

$$50,000$

$$115,826$

$$300,000$