8:53 Unit VI Lab Assignment 6 of 10 < > -15 ill 5G View Policies Current Attempt in Progress Covington Corporation is making a $78,900 investment in equipment with a 5-year life. The company uses the straight-line method of depreciation and has a tax rate of 20 percent. The company's required rate of return is 14 percent. Click here to view factor tables What is the present value of the tax savings related to depreciation of the equipment? (Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to O decimal place, e.g. 125. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) The present value $ eTextbook and Media Save for Later AA Attempts: 0 of 1 used Submit Ancwor education.wiley.com