Given initial investment of $$800,000,$ project life of five years, salvage of $$80,000,$ CCA rate of $30\%,$ tax rate of $40\%,$ and required return of $15\%,$ what is the undepreciated cost of capital at the end of Year $2?$ Hint: Don$$t forget the half$-$year rule.

Question $21$Select one:

a$.$

$$120,000$

b$.$

$$280,000$

c$.$

$$333,200$

d$.$

$$476,000$

e$.$

$$680,000$