A firm is considering the purchase of a new equipment costing $5,874,210 which qualifies for a 25% CCA rate. This equipment has a 4-year life after which it can be sold for $585,910. The firm can lease it for $1,477,630 per year for its useful life. Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 42%, and the pre-tax cost of borrowing is 6.10%. What is the present value of the CCA tax shield? $1,748,879 $1,797,459 $1,846,039 $1,894,619 $1,943,199 A firm is considering the purchase of a new equipment costing $5,874,210 which qualifies for a 25% CCA rate. This equipment has a 4-year life after which it can be sold for $585,910. The firm can lease it for $1,477,630 per year for its useful life. Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 42%, and the pre-tax cost of borrowing is 6.10%. What is the present value of the CCA tax shield? $1,748,879 $1,797,459 $1,846,039 $1,894,619 $1,943,199