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1. What is the after-tax present worth of a chip placer if it costs $75,000 and saves $23,000 per year? The after tax interest

1. What is the after-tax present worth of a chip placer if it costs $75,000 and saves $23,000 per year? The after tax interest is 10%. Assume the device will be sold for $7500 salvage value at the end of its 6 year life. Assume the chip placer falls under CCA Class 8. The corporate income tax rate is 54%. Check your results with Excel functions and attached the output to your assignment. (5 marks)

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