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34 (5 points) The Shell Corporation has a 34% tax rate and owns a piece of petroleum-drilling equipment that costs $123,100 and will be depreciated

34 (5 points) The Shell Corporation has a 34% tax rate and owns a piece of petroleum-drilling equipment that costs $123,100 and will be depreciated at a CCA rate of 30%. Shell will lease the equipment to others and each year receive $34,000 in rent. At the end of five years, the firm will sell the equipment for $33,500. All values are presented in today's dollars Calculate the overall present worth of these cash flows with tax effects if market interest rate is 10% and annual inflation rate is 2%. (Note: Don't use the $ sign in your answer and round it up to 2 decimal places) Your

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