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Question 3 6 ( 1 point ) Ensign Laundry Corp. ( ELC ) is considering launching and manufacturing a new product. ELC's proposed project has

Question 36(1 point)
Ensign Laundry Corp. (ELC) is considering launching and manufacturing a new product. ELC's proposed project has the following parameters:
Product life cycle of 6 years.
Initial capital expenditure requirement of $91,806,900 to purchase the project's assets.
Applicable CCA rate of d=45%.
Marginal tax rate of 40%.
Annual cost of capital of 6.3%(EAR).
At the end of year 6, project assets will be salvaged for $1,661,890.
What is the net impact on NPV of the CCA tax shields associated with use of the assets in the project?
Indicate your answer in dollars and round to two decimal places. Do not put '$' or ", in your response, if it is a negative amount, make the answer negative.
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