Increase in Tax Shield The old tax shield value was $45.5 million when the company was financed with 20% debt.
{"Image DocumentName": "Increase in Tax ShieldThe old tax shield value was  45.5 million when the company was financed with 20% debt.", "Image ImageDescription": "When the company is financed with 40% debt, the tax shield value increases to  110.5 million. The increase is due to the larger interest deductions.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}