SweetwaterCorporation is making a $89,850investment in equipment with a5-year life. The company uses the straight-line method of depreciation and has a tax rate of20percent. The company's required rate of return is11percent.

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What is the present value of the tax savings related to depreciation of the equipment?(Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to 0 decimal place, e.g. 125. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

p-

The present value $enter present value in dollars rounded to 0 decimal place

6% 7% 8% 9% 10% 11% 12% 13% 14% 15%

10.94340.93460.92590.91740.9091 0.90090.89290.8850 0.8772 0.8696

20.89000.87340.85730.84170.8264 0.8116 0.7972 0.7831 0.7695 0.7561

30.83960.81630.79380.77220.7513 0.73120.7118 0.6931 0.6750 0.6575

40.79210.7629 0.73500.70840.68300.6587 0.63550.6133 0.5921 0.5718

50.74730.7130 0.68060.64990.62090.59350.56740.5428 0.5194 0.4972