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Current Attempt in Progress Cato Corporation is making a 5105,250 investment in equipment with a 5 -year life. The company uses the straight- line method

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Current Attempt in Progress Cato Corporation is making a 5105,250 investment in equipment with a 5 -year life. The company uses the straight- line method of depreciation and has a tax rate of 20 percent. The company's required rate of return is 15 percent. Click here to view factor tables What is the present yalue of the tax savings related to depreciation of the equipment? iRound present value factor calculations to 4 decimal places, es. 1.2151 and final answer to 0 decimal place, es. 125. Enter negative amounts using either a ne kitive sigin presedins the number eg. 45 or parentheses es (45).)

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