Trillium manufacturing invests in new equipment for $900,000 to be used in a 5-year project. The equipment has a CCA rate of 30%. The appropriate tax rate is 40% and discount rate is 12%. The equipment will have a salvage value of $180,000 at the end of year 5. What is the present value of all CCA tax shields? Assume the half year rule applies.

Question options:

	$294,321.48
	$359,127.06
	$307,497.37
	$214,185.39
	$374,947.65