Use the information for the question(s) below.
Aardvark Industries is considering a project that will generate the following free cash flows: 
You are also provided with the following market value balance sheet and information regarding Aardvark's cost of capital: 
-Suppose that to fund this new project,Aardvark borrows $120 with the principal to be paid in three equal installments at the end each year.The present value of Aardvark's interest tax shield is closest to:
Definitions:
Screening and Evaluation
The process of critically assessing potential options or candidates based on predetermined criteria to determine their suitability or value.
New-product Ideas
Concepts for new or improved products that have the potential to fill a need in the market or enhance a company's product line.
External Evaluation
The assessment of an organization's performance, project, or policy conducted by an independent entity to ensure objectivity and credibility.
Concept Test
An evaluation or survey designed to gauge the potential market acceptance or appeal of a new product idea before its development.
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