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A company is considering the purchase of an equipment for $229,001. The equipment belongs in a 30% CCA class. The company expects that it will

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A company is considering the purchase of an equipment for $229,001. The equipment belongs in a 30% CCA class. The company expects that it will be able to sell the equipment for $49,500 in four years' time. What is the present value of the CCA tax shield on this equipment if the tax rate is 34% and the relevant discount rate is 12%? $41,203 $39,371 $58,316 $31,458 $44,995

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