Suppose that Finch is considering the acquisition of another firm in its industry. The acquisition is expected to increase Finch's free cash flow by $5 million the first year, and this contribution is expected to grow at a rate of 3% every year thereafter. Finch currently maintains a debt-to-equity ratio of 1, its marginal tax rate is 40%, its cost of debt ro is 6%, and its cost of equity re is 10%. Finch will maintain the constant debt-equity ratio including the acquisition and use the APV method to analyze it. Finch will issue additional debt both to fund the purchase and subsequently to keep the debt-to-equity ratio constant. This protocol matters for the risk of the tax shield. In the first year after the purchase, the incremental interest payment will be $4 million. What is the present value of the incremental tax shield from the new debt? $24 million $32 million $53 million $100 million