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The cost of the machine is $14,324. The CCA rate is 20%. After 8 years, the machine is sold for $4,248. If the machine is

The cost of the machine is $14,324. The CCA rate is 20%. After 8 years, the machine is sold for $4,248. If the machine is the only asset in the asset class, the discount rate is 9% and the tax rate is 32%, what is the present value of the CCA tax shield of this machine (do not include CCA recapture or terminal loss)? ANS till 4 decimal places

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