A firm is considering the purchase of a new equipment costing $8,185,805 which qualifies for a 38% CCA rate. This equipment has a 4-year life after which it can be sold for $1,054,820. The firm can lease it for $2,180,280 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 29%, and the pre-tax cost of borrowing is 9.22%. What is the present value of the CCA tax shield? $1,639,820 $1,684,140 $1,728,459 O $1,772,779 $1,817,098 MacBook Pro 21 F GD 2 7 3 $ 4 36 5 6 & 7 8 u d A firm is considering the purchase of a new equipment costing $8,185,805 which qualifies for a 38% CCA rate. This equipment has a 4-year life after which it can be sold for $1,054,820. The firm can lease it for $2,180,280 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 29%, and the pre-tax cost of borrowing is 9.22%. What is the present value of the CCA tax shield? $1,639,820 $1,684,140 $1,728,459 O $1,772,779 $1,817,098 MacBook Pro 21 F GD 2 7 3 $ 4 36 5 6 & 7 8 u d