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Calculate the PV CCA Tax Shield for the following asset. A machine that has a 10 year useful life and a purchase price of 100,000.

Calculate the PV CCA Tax Shield for the following asset. A machine that has a 10 year useful life and a purchase price of 100,000. The CCA rate on the machine is 30% and the company is operating in a 35% tax bracket. Your company typically uses a 12% discount rate on all of its potential investments. At the end of its useful life, the machine will have a salvage value of $0.00.

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