A firm needs to either buy or lease $$200,000$ worth of equipment. The equipment has a life of $5$ years after which time it will be worthless. The equipment as a CCA rate of $30\%$ and can be leased at a cost of $$30,000$ per year $($payments due at the beginning of each year$).$ The corporate tax rate is $38\%$ and the cost of debt is $10\%.$ What is the present value of the lease payments tax shield?A firm needs to either buy or lease $$200,000$ worth of equipment. The equipment has a life of $5$ years after which time it will be worthless. The equipment as a CCA rate of $30\%$ and can be leased at a cost of $$30,000$ per year $($payments due at the beginning of each year$).$ The corporate tax rate is $38\%$ and the cost of debt is $10\%.$ What is the present value of the lease payments tax shield? $($Do not round Intermedlate calculations. Round the finol answer to $2$ declmal places. Omlt any commas and the $ sign In your response. For example, an answer of $$1,000\mathrm{.}50$ should be entered as $1000\mathrm{.}50.)$

Numerlc Response

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Biny

$39$ of $58$

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