$2.$ You plan on buying a bottling machine for $$2$ million, which can be salvaged for

$$400,000$ in $8$ years. Your tax rate is $43\%$ and the CCA rate is $30\%.$ Your cost of

capital is $13\%.$ What is present value of the CCA tax sheild? $($Answer: E$)$

a$.$ $$338,447$

b$.$ $$378,521$

c$.$ $$422,781$

d$.$$$458,402$

e$.$ $$520,348$