Question 7 (4 points) A company purchased manufacturing equipment for $750,000. For its financial statements the company uses the declining-balance method at a rate of 30 percent per year for depreciating this type of equipment which has a useful period of 10 years as per the manufacturing standard. All equipment is assumed to have a salvage value of zero. Given that the company is subject to a corporate income tax rate of 40 percent, determine the future tax credits resulting from subsequent depreciation allowances after the ten year period following the purchase of these manufacturing equipment. Enter your answer with units of $, rounded to the nearest dollar. Hint! This is not a Canadian corporation, and no CCA rate is listed. Therefore, the half-year rule does not apply