Question
Marx Corporation is making a $90,650 investment in equipment with a 5-year life. The company uses the straight-line method of depreciation and has a
Marx Corporation is making a $90,650 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 companVs required rate of return is 13 percent. Click here to view factor tables What is the present value of the tax savings related to depreciation of the equipment? (Round present valuefactor lculations to 4 decimal places, ea. 1.2151 and final answer to O decimal place, e.g. 125. Enter nqative amounts using either a nqative sign preceding the number eg- -45 or parentheses eg- (45).) The present value
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