An asset has an installed cost of $1 million, a life of 9 years, a CCA rate of 30%, and a salvage value of $40,000. What is the relevant present value of CCA tax shields from the lessee's point of view, if the lessee's marginal tax rate is 40% and borrowing cost is 12%? Asset class will be open after disposing this asset. $303,120.80 $304,349.28 $287,633.59 $304,846.19 $302,499.67 An asset has an installed cost of $1 million, a life of 9 years, a CCA rate of 30%, and a salvage value of $40,000. What is the relevant present value of CCA tax shields from the lessee's point of view, if the lessee's marginal tax rate is 40% and borrowing cost is 12%? Asset class will be open after disposing this asset. $303,120.80 $304,349.28 $287,633.59 $304,846.19 $302,499.67