Which of the following statements best describes the concept of "Tax Shield" as used in capital budgeting?
a. The future value of the amount of income tax deducted due to buying a capital asset per unit.
b. The present value of the impact on cash flow due to the reduction in taxable income which results from claiming capital cost allowances
c. Protects a company from unwanted taxes
d. The amount of taxes paid each year None of these answers