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You plan to enhance your company's technology infrastructure by investing $55,000 in a new software system. This software will be depreciated using the straight-line method

You plan to enhance your company's technology infrastructure by investing $55,000 in a new software system. This software will be depreciated using the straight-line method over 6 years to a terminal book value of 6,000. Given your firm's marginal corporate tax rate of 23%, what is the value of the software's depreciation tax shield in the first year of operation? (Round your answer in dollars to full interger, e.g. put 1204 if your answer is 1204.4243.)

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