A firm invests in a new factory that costs $57,438,982.67. The new factory is financed with retained earnings. The prime rate of interest on corporate borrowing is 3.7%. Economic depreciation of the factory in the first year of its operation is $1,239,967,22. The corporate income tax act indicates that the firm will qualify for an annual capital cost allowance (CCA) of $1,572,439.23. After the first year of operation, the firm will qualify for a corporate income tax deduction of A. $3,295,608.71. B. $2,963,136.70. OC. $57,438,982.67. OD. $1,572,439.23. E. $1,723,169.48. Reset Selection