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Temple Corp. is considering a new project with a required equipment that costs $117,500 and would be fully depreciated by the straight-line method over its

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Temple Corp. is considering a new project with a required equipment that costs $117,500 and would be fully depreciated by the straight-line method over its 5-year life. The company faces a WACC of 4.7% and a tax rate of 20%. What is the present value of the 5 depreciation tax shields? $18,621 $16,806 $17.690 $20,633

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