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 fifth year for $24,000, your tax rate is 35%, and the appropriate discount rate is 10%?

Select one:

a. $52,215

b. $46,202

c. $86,994

d. $66,623

e. $40,143