Company 123 is contemplating a new mechanized welding system to replace its current manual system. It costs $600,000 to get the new system. The cost will be depreciated at a 30 percent CCA rate. Its expected life is four years. The system would actually be worth $100,000 at the end of four years. The new system could save the company $180,000 per year pretax in labour costs. The tax rate of the company is 44 percent. The required return is 15 percent. 1. Considering the above information, what is the present value of the tax shield on 123 corporation's welding system? (use 4 decimal places for your calculations) A. $153,327.6634. B. $151,375.5512. C. $147,750.2507. D. $160,327.8598. E. None of the above