New equament costs $$15,000 and is expected to last for five years with no salvage value. During this time the company will use a 30% CCA rate. The new equipment will save $120.000 annualy before thes. If the company's required rate of return is 11%, determine the present value of the CCA tax PV CCATS of the purchase. Assume a marginal tax rate of 35% 59