You purchase a machine for $200,000 which belongs in a 30% CCA class. What is the present value of the CCA tax shield on the machine if it is sold at the end of the sixth year for $50,000, your tax rate is 34%, and the appropriate discount rate is 10%?

Select one: a. $42,705 b. $86,994 c. $41,485 d. $46,202 e. $52,215