Question

You purchase a machine for $210,000 which belongs in a 30% CCA class. What is the...

You purchase a machine for $210,000 which belongs in a 30% CCA class. What is the present value of the CCA tax shield on the machine if it is sold at the end of the sixth year for $24,000, your tax rate is 35%, and the appropriate discount rate is 10%?

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