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What is the amount of the annual depreciation tax shield for a firm with a net income of $850,000; depreciation expense of $55,500; and a

What is the amount of the annual depreciation tax shield for a firm with a net income of $850,000; depreciation expense of $55,500; and a marginal tax rate of 38%? (Assume that the half-year rule does not apply.) a. $301,910 b. $17,575 c. $34,410 d. $55,500 e. $21,090

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