A firm is considering the purchase of a new equipment costing $6,229,840 which qualifies for a 27% CCA rate. This equipment has a 4-year life after which it can be sold for $658,050. The firm can lease it for $1,585,730 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 40%, and the pre-tax cost of borrowing is 6.58%. What is the present value of the CCA tax shield? $1,943,536 $1,992,124 $2,040,713 $2,089,301 $2,137,890 A firm is considering the purchase of a new equipment costing $6,229,840 which qualifies for a 27% CCA rate. This equipment has a 4-year life after which it can be sold for $658,050. The firm can lease it for $1,585,730 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 40%, and the pre-tax cost of borrowing is 6.58%. What is the present value of the CCA tax shield? $1,943,536 $1,992,124 $2,040,713 $2,089,301 $2,137,890