Question
A firm buys a piece of equipment for $189,816.00 and will straight-line depreciate it to zero over five years. If the tax rate is 37.00%,
A firm buys a piece of equipment for $189,816.00 and will straight-line depreciate it to zero over five years. If the tax rate is 37.00%, what is the present value of the depreciation tax shield if the cost of capital is 13.00%?
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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
