Question 23 (1 point) A firm is considering the purchase of a new equipment costing $7,296,730 which qualifies for a 33% CCA rate. This equipment has a 4-year life after which it can be sold for $874,470. The firm can lease it for $1,910,030 per year for its useful life. Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 34%, and the pre-tax cost of borrowing is 8.02%. What is the present value of the CCA tax shield? $1,744,776 $1,791,932 $1,839,088 $1,886,244 $1,933,400 Question 23 (1 point) A firm is considering the purchase of a new equipment costing $7,296,730 which qualifies for a 33% CCA rate. This equipment has a 4-year life after which it can be sold for $874,470. The firm can lease it for $1,910,030 per year for its useful life. Assume that the firm makes payments at the end of the year, the asset pool remains open, the tax rate is 34%, and the pre-tax cost of borrowing is 8.02%. What is the present value of the CCA tax shield? $1,744,776 $1,791,932 $1,839,088 $1,886,244 $1,933,400