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Global has just purchased a new work cell for their production facility. The work cell had a purchase price of $220,000. The work cell will

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Global has just purchased a new work cell for their production facility. The work cell had a purchase price of $220,000. The work cell will be depreciated using a 3-year MACRS schedule. If the tax rate facing Global is 21% and cost of capital is 11%, what is the PV of the depreciation tax shield over the full life of the work cell?

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