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#3 A firm buys a piece of equipment for $130,421.00 and will straight-line depreciate it to zero over five years. If the tax rate is

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#3 A firm buys a piece of equipment for $130,421.00 and will straight-line depreciate it to zero over five years. If the tax rate is 39.00%, what is the present value of the depreciation tax shield if the cost of capital is 14.00%? Submit Answer format: Currency: Round to: 2 decimal places

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