Consider an asset with an initial cost of $100,000 and no salvage value. Compute the difference in the present value of the tax shields if CCA is calculated at 20% declining balance compared to if CCA is calculated using a five year, straight line write off. For the purpose of your calculation use 30% as the tax rate and 16% as the required return. The difference, to the nearest dollar, is $4,129 $49,969 $1,724 O$9,517 $4,483 Question 11 (2 points) Consider an asset with an initial cost of $100,000 and no salvage value. Compute the difference in the present value of the tax shields if CCA is calculated at 20% declining balance compared to if CCA is calculated using a five year, straight line write off. For the purpose of your calculation use 30% as the tax rate and 16% as the required return. The difference, to the nearest dollar, is $4,129 $49,969 $1,724 $9,517 $4,483