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A company has purchased an equipment costing $79,800. The equipment has a useful life of 3 years with a salvage value of $32,300. CCA

A company has purchased an equipment costing $79,800. The equipment has a useful life of 3 years with a salvage value of $32,300. CCA will be taken using a rate of 30.00%. The tax rate is 27.50%, while the discount rate is 8.25%. Assuming the company takes all available CCA every year and there will be some assets remaining in the CCA class after year 3, what is the EAC of this equipment?

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