3. You purchase equipment for $200,000 and it costs $15,000 to have it delivered and installed. Based on past information, you believe that you can sell the equipment for $28,000 when you are done with it in 8 years. The company's marginal tax rate is 30%. If the applicable CCA rate is 10% and the required return on this project is 10%, what is the present value of the CCA tax shield? 4. (10 points) A 7. You just bought a house. You have $50,000 cash and you have intended to pay it as down payment. You have agreed to pay $400,000 for the house. Your bank is giving you rest of the money as mortgage. Annual interest rate is 4% and payback is for 20 years monthly. Calculate your monthly payment for mortgage (you need to find PMT 10 points)