what is the present value of the tax shield for the following project? the initial investment is $300,000. the project will last for 6 years, at which time the asset will be sold for $90,000. the asset will be depreciated on a declining balance basis at a rate of 20 percent. the firm's marginal tax rate is 40 percent. the firm's required rate of return is 8 percent
a) 16,204.36
b) 82,539.68
c) 98,744.04
d) 66,335.32
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ANSWER : d) : 66335.32
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