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Crispy Creme, a donut company, is considering launching a new line for natural gluten-free scones. The project has the following parameters: Initial capital expenditure requirement
Crispy Creme, a donut company, is considering launching a new line for natural gluten-free scones. The project has the following parameters:
- Initial capital expenditure requirement of $65 million.
- Applicable CCA rate of d=30%.
- Applicable marginal tax rate is 40%.
What is the CCA tax shield in year 2?
Indicate your answer in millions and round to two decimal places.
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